Garza and Neely, CPAs, are preparing their service revenue (sales) budget for th

Question

Garza and Neely, CPAs, are preparing their service revenue (sales) budget for the coming year (2012). The practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are provided below. Average hourly billing rates are: auditing $81, tax $95, and consulting S104. Prepare the service revenue (sales) budget for 2012 by listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and total revenue.

Explanation / Answer

Solution:

GARZA AND NEELV, CPAs Sales revnue budget For the Year Ending December 31, 2012 Year Dept. Billable Hours Billable rate Total Revenue Auditing 9,230 81 747,630 Tax 10,950 95 1,040,250 Consulting 7,000 104 728,000 Total Revenue 2,515,880

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