Thome and crede cpas are preparing their service revenue, Ask an Expert

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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 2,360 1,760 2,230 2,590

Tax 3,180 2,560 2,130 2,860

Consulting 1,770 1,770 1,770 1,770

Average hourly billing rates are auditing $83, tax $94, and consulting $104.

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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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91976207

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