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Garza 2200

Price: $2.50

E20-3 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.

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.

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