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
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.