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
|
|
2,540
|
|
1,860
|
|
2,360
|
|
2,550
|
|
Tax
|
|
3,180
|
|
2,780
|
|
2,160
|
|
2,880
|
|
Consulting
|
|
1,770
|
|
1,770
|
|
1,770
|
|
1,770
|
Average hourly billing rates are: auditing $81, tax $95, and consulting $101.
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.