Garza and Neely, CPAs, are preparing their service revenue (sales) budget for the coming year (2012). 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 are: auditing $80, tax $90, and consulting $100.
Instructions
Prepare the service revenue (sales) budget for 2012 by listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and total revenue.