Thome and Crede, CPAs, are preparing their service revenue (sales) budget for th
ID: 2509851 • Letter: T
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 consuilting Billable hours for each department, by quarter, are provided below Department Quarter 1 Quarter 2 Quarter 3 Quarter 4 2320 2620 2,340 3.150 1,890 2,750 2,620 1,890 Average hourly billing rates are auditing $85, tax $91, and consulting $101. 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. THOHE AND CREDE, CPAS Sales Revenue Budget Quarter Quarter 2 Billable Hours Billable Rate Total Rev. Ditable Hours Billable RateTotal Rew Totals THOME AND CREDE, CPAs Sales Revenue Budget Quarter 3 Quarter 4 Billable Hours Bilable Rate Total Rew. Billable Hours Biliable Rate Total Rev Dept. Auditing Tax Consulting Totals THOME AND CREDE, CPAs Sales Revenue Budget Dept. Billable Hours Rate Bilable Hours Billable Rate Total Rev. Tax TotalsExplanation / Answer
Thome and crede CPA
Sales revenue Budget
For the year ending December 31 2017
Quarter 1
Quarter 2
Billable hours
Billable rate
Total revenue
Billable hours
Billable rate
Total revenue
Auditing
2460
85
209100
1870
85
158950
Tax
3150
91
286650
2750
91
250250
consulting
1890
101
190890
1890
101
190890
686640
600090
Thome and crede CPA
Sales revenue Budget
For the year ending December 31 2017
Quarter 1
Quarter 2
Billable hours
Billable rate
Total revenue
Billable hours
Billable rate
Total revenue
Auditing
2320
85
197200
2660
85
226100
Tax
2340
91
212940
2620
91
238420
consulting
1890
101
190890
1890
101
190890
601030
655410
Thome and crede CPA
Sales revenue Budget
For the year ending December 31 2017
Quarter 1
Billable hours
Billable rate
Total revenue
Auditing
9310
85
791350
Tax
10860
91
988260
consulting
7560
101
763560
2543170
Thome and crede CPA
Sales revenue Budget
For the year ending December 31 2017
Quarter 1
Quarter 2
Billable hours
Billable rate
Total revenue
Billable hours
Billable rate
Total revenue
Auditing
2460
85
209100
1870
85
158950
Tax
3150
91
286650
2750
91
250250
consulting
1890
101
190890
1890
101
190890
686640
600090
Thome and crede CPA
Sales revenue Budget
For the year ending December 31 2017
Quarter 1
Quarter 2
Billable hours
Billable rate
Total revenue
Billable hours
Billable rate
Total revenue
Auditing
2320
85
197200
2660
85
226100
Tax
2340
91
212940
2620
91
238420
consulting
1890
101
190890
1890
101
190890
601030
655410
Thome and crede CPA
Sales revenue Budget
For the year ending December 31 2017
Quarter 1
Billable hours
Billable rate
Total revenue
Auditing
9310
85
791350
Tax
10860
91
988260
consulting
7560
101
763560
2543170
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