Concord and Crede, CPAs, are preparing their service revenue (sales) budget for the coming year...
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Accounting
Concord and Crede, CPAs, are preparing their service revenue (sales) budget for the coming year (2022). 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
1,990
1,370
1,720
2,070
Tax
2,580
1,880
1,720
2,150
Consulting
1,290
1,290
1,290
1,290
Average hourly billing rates are auditing $ 80, tax $ 90, and consulting $ 110. Prepare the service revenue (sales) budget for 2022 by listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and total revenue.
CONCURD AND CREDE, CPAS Service Revenue Budget Quarter 1 Dept. Billable Hours Billable Rate Total Rev. Billable Hours Auditing $ $ Tax Consulting Totals $ CONCORD AND CREDE, CPAS Service Revenue Budget Quarter 3 Dept. Billable Hours Billable Rate Total Rev. Billable Hours Auditing $ $ Tax Consulting Totals $ CONCORD AND CREDE, CPAS Service Revenue Budget Year Dept. Billable Hours Billable Rate Total Rev. Auditing $ $ Tax Consulting Totals $ e Textbook and Media
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