Accounting Question Im Stuck On this one! Help me solve it?

Posted on December 27th, 2011 by admin1 in political consulting firm

Alice Shimeca, the bookkeeper for Woyak, a political consulting firm, has recently completed a managerial course at her local college. One of the topics covered in the course was the cost of goods manufactured schedule. Alice wondered if such a schedule could be prepared for her firm. She realized that, as a service-oriented company, it would have no Work-in-Process inventory to consider.
Listed below are the costs her firm incurred for the month ended August 31, 2011.

Supplies used on consulting contracts$ 2,200
Supplies used in the administrative offices2,200
Depreciation on equipment used for contract work920
Depreciation used on administrative office equipment1,850
Salaries of professionals working on contracts13,500
Salaries of administrative office personnel7,800
Janitorial services for professional offices460
Janitorial services for administrative offices570
Insurance on contract operations890
Insurance on administrative operations940
Utilities for contract operations2,100
Utilities for administrative offices 2,300

Complete a schedule of cost of contract services provided (similar to a cost of goods manufactured schedule) for the month. (List amounts from largest to smallest eg 10, 5, 3, 2.)

schedule of cost of contract services provided

Salaries of professionals working on contracts 13,500
Supplies used on consulting contracts $ 2,200
Utilities for contract operations 2,100
Depreciation on equipment used for contract work 920
Insurance on contract operations 890
Janitorial services for professional offices 460
cost of contract services provided $20,070

One Comment on “Accounting Question Im Stuck On this one! Help me solve it?”

  1. Sandy

    schedule of cost of contract services provided

    Salaries of professionals working on contracts 13,500
    Supplies used on consulting contracts $ 2,200
    Utilities for contract operations 2,100
    Depreciation on equipment used for contract work 920
    Insurance on contract operations 890
    Janitorial services for professional offices 460
    cost of contract services provided $20,070References :

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