Garza and Neely, CPAs, are preparing their service revenue (sales) budget for th

Question

Garza and Neely, CPAs, are preparing their service revenue (sales) budget for the coming year (2014). The practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are provided below.

Average hourly billing rates are auditing $83, tax $92, and consulting $103.

Prepare the service revenue (sales) budget for 2014 by listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and total revenue.

Department Quarter 1 Quarter 2 Quarter 3 Quarter 4 Auditing 2,470 1,860 2,270 2,690 Tax 3,220 2,740 2,160 2,750 Consulting 1,870 1,870 1,870 1,870 Garza and Neely, CPAs, are preparing their service revenue (sales) budget for the coming year (2014). The practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are provided below. Average hourly billing rates are auditing $83, tax $92, and consulting $103. Prepare the service revenue (sales) budget for 2014 by listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and total revenue.

Explanation / Answer

Hi,

Please find the answer as follows:

Thanks.

Quarter 1 Quarter 2 Dept. Billable Hours Billable Rate Total Rev. Billable Hours Billable Rate Total Rev Auditing 2470 83 205010 1860 83 154380 Tax 3220 92 296240 2740 92 252080 Consulting 1870 103 192610 1870 103 192610


693860

599070

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