Prepare the service revenue budget

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Question - 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

2.200

1,600

2,000

2.400

Tax

3,000

2,400

2,000

2,500

Consulting

1,500

1,500

1,500

1,500

Average hourly billing rates arc: auditing $80, tax $90, and consulting $100.

Instructions - Prepare the service revenue (sales) budget for 2011 by listing the departments and show. ing for each quarter and the year in total, billable hours, billable rate, and total revenue.

Reference no: EM131765216

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