Question

Exercise 21-3 Thome and Crede, CPAS, are preparing their service revenue (sales) budget for the coming year (2017). The practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are provided below. Department Quarter 3 Quarter 4 Quarter 1 Quarter 2 Auditing 2,450 1,840 2,330 2,710 3,130 2,650 2,300 Таx 2,800 Consulting 1,640 1,640 1,640 1,640 Average hourly billing rates are auditing $84, tax $94, and consulting $105 Prepare the service revenue (sales) budget for 2017 by listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and total revenue THOME AND CREDE, CPAS Sales Revenue Budget Quarter 1 Quarter 2 Total Rev Dept. Billable Hours Billable Rate Total Rev. Billable Hours Billable Rate Auditing Тax Consulting Totals THOME AND CREDE, CPAS Sales Revenue Budget Quarter 3 Quarter 4 Total Rev. Billable Hours Billable Rate Billable Hours Billable Rate Total Rev. Dept. Auditing $ Тax Consulting Totals

Answer 1

		THOME AND CREDE CPAs
		Sales Revenue Budget
		For the year ending December 31,2017
	Quarter 1			Quarter 2
Dept.	Billable hours	Billable rate	Total rev.	Billable hours	Billable rate	Total rev.
Auditing	2450	84	205800	1840	84	154560
Tax	3130	94	294220	2650	94	249100
Consulting	1640	105	172200	1640	105	172200
Totals			672220			575860
		THOME AND CREDE CPAs
		Sales Revenue Budget
		For the year ending December 31,2017
	Quarter 3			Quarter 4
Dept.	Billable hours	Billable rate	Total rev.	Billable hours	Billable rate	Total rev.
Auditing	2330	84	195720	2710	84	227640
Tax	2300	94	216200	2800	94	263200
Consulting	1640	105	172200	1640	105	172200
Totals			584120			663040
		THOME AND CREDE CPAs
		Sales Revenue Budget
		For the year ending December 31,2017
	Year
Dept.	Billable hours	Billable rate	Total rev.
Auditing	9330	84	783720
Tax	10880	94	1022720
Consulting	6560	105	688800
Totals			2495240