Average hourly billing rates are auditing $84 tax $91 and consulting $102.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.The January 1 2014 inventory of HD-240 is2160units. Management desires an ending inventory each quarter equal to 40% of the next quarters sales. Sales in the first quarter of 2015 are expected to be 25% higher than sales in the same quarter in 2014.Prepare quarterly production budgets for each quarter and in total for 2014.ould like to Show Work for this question:Your assistant has prepared two budgets: (1) The manufacturing overhead budget shows expected costs to be 150% of direct labor cost. (2) The direct materials budget for Tarr shows the cost of Tarr purchases to be $299000in quarter 1 and $426000in quarter 2.Prepare the production budget.