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Prepare the service revenue budget for garza and neely

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Reference no: EM13534415

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.

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.

Instructions

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.

Reference no: EM13534415

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