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ACC 560 Week 6 Homework Chapter 9 and Chapter 10( E9-3, E9-8, E9-15, P9-5A, E10-3, E10-5, E10-17, P10-5A)
Chapter 9: Budgetary Planning and Chapter 10: Budgetary Control and Responsibility Accounting
E9-3
Thome and Crede, CPAs, are preparing their service revenue( sales) budget for the coming year( 2017). 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 2,300 1,600 2,000 2,400 Tax 3,000 2,200 2,000 2,500 Consulting 1,500 1,500 1,500 1,500
Average hourly billing rates are auditing $ 80, tax $ 90, and consulting $ 110.
Instructions
Prepare the service revenue( sales) budget for 2017 by listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and total revenue.