Thome and Crede, CPAs, are preparing their service revenue (sales) budget for the coming year (2025). The practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are provided here.

Average hourly billing rates are auditing $80, tax $90, and consulting $110.

InstructionsPrepare the service revenue (sales) budget for 2025 by listing the departments and showing billable hours, billable rate, and total revenue for each quarter and the year in total.

Transcribed Image Text:

Department Auditing Tax Consulting Quarter 1 2,300 3,000 1,500 Quarter 2 1,600 2,200 1,500 Quarter 3 2,000 2,000 1,500 Quarter 4 2,400 2,500 1,500