Acc349 Managerial Accounting: E9-2 Crede and Rensing, CPAs, are preparing their service revenue

Acc349 Managerial Accounting
E9-2 Prepare a sales budget for four quarters
Crede and Rensing, CPAs, are preparing their service revenue (sales) budget for the coming year (2011). 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.

Complete the service revenue (sales) budget for 2011 by listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and total revenue.
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