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Crede and Rensing, CPAs, are preparing their service revenue (sales) budget for the coming year (2011). 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 2,248 1,631 2,085 2,408 Tax 2,973 2,456 2,092 2,498 Consulting 1,414 1,414 1,414 1,414 Average hourly billing rates are: auditing $80, tax $91, and consulting $105. Complete the service revenue (sales) budget for 2011 by listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and total revenue. CREDE AND RENSING, CPA's Sales Revenue Budget For the Year Ending December 31, 2011 Quarter 1 Dept Billable Hours Billable Rate Total Rev. Auditing $ $ Tax Consulting Totals $ Quarter 2 Auditing $ $ Tax Consulting Totals $ Quarter 3 Auditing $ $ Tax Consulting Totals $ Quarter 4 Auditing $ $ Tax Consulting Totals $ Totals Auditing $ $ Tax Consulting Totals $

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Accounting_7590902.xls

Crede and Rensing, CPAs
Sales Revenue Budget
For the Year Ending December 31, 2011
Department
Auditing
Tax
Consulting Department
Auditing
Tax
Consulting Quarter 1
Quarter 2
Billible Hours Billible...

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