Roche and Young, CPAS, are preparing their service revenue (sales) budget for 2020. Their practice is...
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Roche and Young, CPAS, are preparing their service revenue (sales) budget for 2020. Their practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are as follows: Department Quarter 1 Quarter 2 Quarter 3 Quarter 4 Auditing 2,200 1,700 2,200 2,200 Tax 3,000 2,200 2,000 2,800 Consulting 1,600 1,600 1,600 1,600 Average hourly billing rates are $59 for auditing, $72 for tax, and $82 for consulting services. Prepare the service revenue (sales) budget for 2020 by listing the departments and showing the billable hours, billable rate, and total revenue for each quarter and the year in total. ROCHE AND YOUNG, CPAS Service Revenue Budget For the Year Ending December 31, 2020 Quarter Auditing: 1 4. Billable hours $4 2$ $ Rate $ 2$ Total revenue %24 %24 ROCHE AND YOUNG, CPAS Service Revenue Budget For the Year Ending December 31, 2020 Quarter 2 Year $4 2$ 2$ Quarter Tax: 1 4 Billable hours $4 2$ Rate 2$ Total revenue %24 %24 %24 %24 %24 Quarter 2 4 Year $ $ Quarter Consulting: 1 3 Billable hours $ 2$ 2$ $4 Rate 2$ $4 $4 Total revenue 2$ Total revenue %24 %24 %24 %24 %24 Quarter 3 4 Year 2$ $ 2$ 2$ Quarter 4 Year 2$ 2$ $ 2$ 2$ $4 2$ %24 %24 %24 %24 %24 %24 Roche and Young, CPAS, are preparing their service revenue (sales) budget for 2020. Their practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are as follows: Department Quarter 1 Quarter 2 Quarter 3 Quarter 4 Auditing 2,200 1,700 2,200 2,200 Tax 3,000 2,200 2,000 2,800 Consulting 1,600 1,600 1,600 1,600 Average hourly billing rates are $59 for auditing, $72 for tax, and $82 for consulting services. Prepare the service revenue (sales) budget for 2020 by listing the departments and showing the billable hours, billable rate, and total revenue for each quarter and the year in total. ROCHE AND YOUNG, CPAS Service Revenue Budget For the Year Ending December 31, 2020 Quarter Auditing: 1 4. Billable hours $4 2$ $ Rate $ 2$ Total revenue %24 %24 ROCHE AND YOUNG, CPAS Service Revenue Budget For the Year Ending December 31, 2020 Quarter 2 Year $4 2$ 2$ Quarter Tax: 1 4 Billable hours $4 2$ Rate 2$ Total revenue %24 %24 %24 %24 %24 Quarter 2 4 Year $ $ Quarter Consulting: 1 3 Billable hours $ 2$ 2$ $4 Rate 2$ $4 $4 Total revenue 2$ Total revenue %24 %24 %24 %24 %24 Quarter 3 4 Year 2$ $ 2$ 2$ Quarter 4 Year 2$ 2$ $ 2$ 2$ $4 2$ %24 %24 %24 %24 %24 %24
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Answer rating: 100% (QA)
Solution AUDITING Q1 Q2 Q3 Q4 Year A Billable hours 2200 1700 2200 2200 8300 B Rate 59 59 ... View the full answer
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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