Assignment $6-$ Chapter $10$

Question $1$ of $4$

$120$

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Kingbird, CPAs, are preparing their service revenue $($sales$)$ budget for $2022.$ Their practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are as follows:

$\backslash$table$[[$Department$,$Quarter $1,$Quarter $2,$Quarter $3,$Quarter $4],[$Auditing$,2,100,1,700,2,200,2,200],[$Tax$,2,900,2,200,2,100,2,300],[$Consulting$,1,400,1,400,1,400,1,400]]$

Average hourly billing rates are $$60$ for auditing, $$68$ for tax, and $$81$ for consulting services.

Prepare the service revenue $($sales$)$ budget for $2022$ by listing the departments and showing the billable hours, billable rate, and total revenue for each quarter and the year in total.

KINGBIRD, CPAs

Service Revenue Budget

For the Year Ending December $31,2022$

Quarter

Auditing:

$1$

$2$

$3$

$4$

Billable hours

Assignment $6-$ Chapter $10$

Question $3$ of $4$

$\frac{0}{19}$

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Current Attempt in Progress

In May $2022,$ the budget committee of Shamrock Stores assembles the following data for preparing the merchandise purchases budget for the month of June:

Expected sales: June $$492,000$; July $$623,000.$

Cost of goods sold is expected to be $75\%$ of sales.

Desired ending merchandise inventory is $30\%$ of the following month's cost of goods sold.

The beginning inventory at June $1$ will be the desired amount.

$($a$)$

Your answer is incorrect.

Calculate the budgeted merchandise purchases for June.

Budgeted merchandise purchases

$