assignment
asf1533
2471.pptx| Quarter | |||||||||
| Auditing: | 1 | 2 | 3 | 4 | Year | ||||
| Billable hours | 2,200 | 1,600 | 2,000 | 2,400 | 8,200 | ||||
| Rate | $60 | $60 | $60 | $60 | $60 | ||||
| Total revenue | $132,000 | $96,000 | $120,000 | $144,000 | $492,000 |
| Quarter | |||||||||
| Tax: | 1 | 2 | 3 | 4 | Year | ||||
| Billable hours | 3,000 | 2,400 | 2,000 | 2,500 | 9,900 | ||||
| Rate | $70 | $70 | $70 | $70 | $70 | ||||
| Total revenue | $210,000 | $168,000 | $140,000 | $175,000 | $693,000 |
ROCHE AND YOUNG, CPAs
Service Revenue Budget
For the Year Ending December 31, 2022
E 10.18
| Quarter | |||||||||
| Consulting: | 1 | 2 | 3 | 4 | Year | ||||
| Billable hours | 1,500 | 1,500 | 1,500 | 1,500 | 6,000 | ||||
| Rate | $80 | $80 | $80 | $80 | $80 | ||||
| Total revenue | $120,000 | $120,000 | $120,000 | $120,000 | $480,000 |
Ex 10.30
P10.36a
EXERCISE 10.32
a. BIG JIM STORES
Merchandise Purchases Budget
For the Month Ending June 30, 2022
Budgeted cost of goods sold ($500,000 × 75%) ... $375,000
Add: Desired ending merchandise inventory
($600,000 × 75% × 30%) ................................ ...... 135,000
Total ................................ ................................ ........ 510,000
Less: Beginning merchandise inventory
($375,000 × 30%) ................................ ...... 112,500
Required merchandise purchases ........................ $397,500
b. BIG JIM STORES
Budgeted Income Statement
For the Month Ending June 30, 2022
Sales ................................ ................................ .. $500,000
Cost of goods sold
Inventory, June 1 ................................ ...... $112,500
Add: Purchases ................................ ....... 397,500
Cost of goods available for sale .............. 510,000
Less: Inventory, June 30 ......................... 135,000
Cost of goods sold ................................ ... 375,000
Gross profit ................................ ....................... $125,000
