Garza and Neely, CPAs, are preparing their service revenue (sales) budget for the
coming year (2014). 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 $100.
Instructions
Prepare the service revenue (sales) budget for 2014 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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