AE9-3 Crede and Rensing, CPAs, are preparing their service revenue (sales) budge

Question

AE9-3 Crede and Rensing, CPAs, are preparing their service revenue (sales) budget for the coming year (2011). 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 2,150 1,523 1,944 2,442 Tax 3,017 2,407 2,071 2,487 Consulting 1,521 1,521 1,521 1,521 Average hourly billing rates are: auditing $78, tax $89, and consulting $103. Complete the service revenue (sales) budget for 2011 by listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and total revenue. CREDE AND RENSING, CPA's Sales Revenue Budget For the Year Ending December 31, 2011 Quarter 1 Dept Billable Hours Billable Rate Total Rev. Auditing $ $ Tax Consulting Totals $ Quarter 2 Auditing $ $ Tax Consulting Totals $ Quarter 3 Auditing $ $ Tax Consulting Totals $ Quarter 4 Auditing $ $ Tax Consulting Totals $ Totals Auditing $ $ Tax Consulting Totals $

Explanation / Answer

Totals Auditing 8,131 81 658,611 tax 9,843 89 876,027 Consulting 5,896 104 613,184 Totals 2,147,822 1 2 3 4 total Audit 2116 1549 1979 2487 8131 81 658611 Tax 2912 2464 2051 2416 9843 89 876027 Consulting 1474 1474 1474 1474 5896 104 613184 2147822

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.