105) tice Assignment Gradebook ORION Downloadable eTextbook ment NEXT Question 1

Question

105) tice Assignment Gradebook ORION Downloadable eTextbook ment NEXT Question 1 Thome and Crede, CPAs, are preparing their service revenue (sales) budget for the coming year (2017). The practice is divided into th tax, and consulting. Billable hours for each department, by quarter, are provided below. Department Quarter 1 Quarter 2 Quarter 3 Quarter4 Auditing Tax Consulting 2,460 3,150 1,890 1,870 2,750 1,890 2,320 2,340 1,890 2,660 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. Quarter 2 For the Year Ending December 31, 2017 For the Quarter Ending December 31, 2017 s Billable RateTotal Rev. Auditing Tax Totals All Rights Re

Explanation / Answer

Sales revenue budget For the year ending December 31,2017 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year Dept. Billable hours Billable rate Total rev. Billable hours Billable rate Total rev. Billable hours Billable rate Total rev. Billable hours Billable rate Total rev. Billable hours Billable rate Total rev. Auditing 2460 85 209100 1870 85 158950 2320 85 197200 2660 85 226100 9310 85 791350 Tax 3150 91 286650 2750 91 250250 2340 91 212940 2620 91 238420 10860 91 988260 Consultant 1890 101 190890 1890 101 190890 1890 101 190890 1890 101 190890 7560 101 763560 Total 686640 600090 601030 655410 2543170

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