Thome and Crede, CPAs, are preparing their service revenue(sales) budget for the coming year (2017). The practice is dividedinto three departments: auditing, tax, and consulting. Billablehours for each department, by quarter, are provided below.Department Quarter 1 Quarter 2 Quarter 3 Quarter 4 Auditing 2,4501,840 2,330 2,710 Tax 3,130 2,650 2,300 2,800 Consulting 1,6401,640 1,640 1,640 Average hourly billing rates are auditing $84,tax $94, and consulting $105. Prepare the service revenue (sales)budget for 2017 by listing the departments and showing for eachquarter and the year in total, billable hours, billable rate, andtotal revenue.
