Question

Coronado, 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: Department Quarter 1 Quarter 2 Quarter 3 Quarter 4 Auditing 2,200 1,600 2,100 2,500 Tax 2,900 2,700 1,800 2,200 Consulting 1,600 1,600 1,600 1,600 Average hourly billing rates are $60 for auditing, $72 for tax, and $80 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. Auditing: Billable hours Rate $ Total revenue $ Tax: Billable hours Rate $ 1 1 $ $ Total revenue $ $ Consulting: Billable hours Rate $ 1 $ 2 CORONADO, CPAS Service Revenue Budget For the Year Ending December 31, 2022 Quarter 3 $ $ Quarter 2 3 $ Quarter 2 3 $ $ $ $ Total revenue $ $ $ $ Total revenue $ $ $ $

          Coronado, 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:
Department Quarter 1
Quarter 2 Quarter 3
Quarter 4
Auditing
2,200
1,600
2,100
2,500
Tax
2,900
2,700
1,800
2,200
Consulting
1,600
1,600
1,600
1,600
Average hourly billing rates are $60 for auditing, $72 for tax, and $80 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.
Auditing:
Billable hours
Rate
$
Total revenue
$
Tax:
Billable hours
Rate
$
1
1
$
$
Total revenue
$
$
Consulting:
Billable hours
Rate
$
1
$
2
CORONADO, CPAS
Service Revenue Budget
For the Year Ending December 31, 2022
Quarter
3
$
$
Quarter
2
3
$
Quarter
2
3
$
$
$
$
Total revenue
$
$
$
$
Total revenue
$
$
$
$

Coronado, 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:
Department Quarter 1
Quarter 2 Quarter 3
Quarter 4
Auditing
2,200
1,600
2,100
2,500
Tax
2,900
2,700
1,800
2,200
Consulting
1,600
1,600
1,600
1,600
Average hourly billing rates are 60 for auditing,72 for tax, and 80 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.
Auditing:
Billable hours
Rate
Total revenue
Tax:
Billable hours
Rate
1
1

Total revenue

Consulting:
Billable hours
Rate
1
2
CORONADO, CPAS
Service Revenue Budget
For the Year Ending December 31, 2022
Quarter
3

Quarter
2
3
Quarter
2
3

Total revenue

Total revenue

Added by Dawn R.

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