Thome and Crada, CPAs, are praparing thair service ravenue (sales) hudget for th

Question

Thome and Crada, CPAs, are praparing thair service ravenue (sales) hudget for the coming yaar (2017). The practica is divided into thrae departments: auditing, tax, and consulting. Billable hours for aach department, by quartar, are pravided belaw. Exercise 23-3 Department Quarter 1 Quarter 2 Quarter 3 Quarter 4 1,730 30 2,170 2,770 Auditing Tax 2,510 3,250 2.3601,090 2.540,690 Average hourly billing rates are auditing $83, tax s91, 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

Explanation / Answer

SOLUTION

THOME AND CREDE, CPAs

Sales Revenue Budget

Quarter 1

THOME AND CREDE, CPAs

Sales Revenue Budget

Quarter 2

THOME AND CREDE, CPAs

Sales Revenue Budget

Quarter 3

THOME AND CREDE, CPAs

Sales Revenue Budget

Quarter 4

THOME AND CREDE, CPAs

Sales Revenue Budget

Year

Department Billable hours Billable rate ($) Total Revenue ($) Auditing 2,510 83 208,330 Tax 3,250 91 295,750 Consulting 1,690 101 170,690 Totals 674,770

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

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