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Prepare the service sales budget for 2014

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Reference no: EM13507502

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.

 

Department
Quarter 1
Quarter 2
Quarter 3
Quarter 4
Auditing
2,590
1,830
2,370
2,580
Tax
3,140
2,520
2,300
2,650
Consulting
1,610
1,610
1,610
1,610

Average hourly billing rates are auditing $82, tax $93, and consulting $101.

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.

Reference no: EM13507502

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