Cost of Services Sold Jean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-cleaning service. Each cleaning (cleaning one house one time) takes a team of three house cleaners about 1.5 hours. On average, HHH completes about 15,000 cleanings per year. The following total costs are associated with the total cleanings: Direct materials ? Direct labor $470,000 Variable overhead Fixed overhead 15,000 18,000 Next year, HHH expects to purchase $26,600 of direct materials. Projected beginning and ending inventories for direct materials are as follows: Beginning Ending Direct Materials Inventory $4,000 2,600 There is no work-in-process inventory and no finished goods inventory; in other words, a cleaning is started and completed on the same day. Required: 1. Prepare a statement of cost of services sold in good form. If an amount is zero, enter "0" Happy Home Helpers, Inc. Statement of Cost of Services Sold For the Coming Year Beginning finished goods Add: Beginning finished goods Less: Ending finished goods Cost of services sold 2. How does this cost of services sold statement differ from the cost of goods sold statement for a manufacturing firm?