(Answered) Question thome and crede cpas are preparing their service

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Question: 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 1	Quarter 2	Quarter 3	Quarter 4
Auditing	2,510	1,780	2,390	2,760
Tax	3,250	2,750	2,250	2,630
Consulting	1,660	1,660	1,660	1,660

Average hourly billing rates are auditing $83, tax $93, 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.

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