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E9-3 Crede and Rensing, CPAs, are preparing their service revenue (sales) budget for the coming year (2011). The practice is divided into three...

E9-3

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 2,200 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.

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-8099656.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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