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J41 A B C D E F G H I 0 18 ITEMS TO COMPLETE FOR THIS MILESTONE (Purple Tabs): GENERAL Use data from Milestone
J41 A B C D E F G H I 0 18 ITEMS TO COMPLETE FOR THIS MILESTONE (Purple Tabs): GENERAL Use data from Milestone 1 and Milestone 2 in your analysis Revenue data needed for the Income Statement will be provided at the end of Module 4 COST OF SERVICES PROVIDED SCHEDULE Use the data at the top of the schedule to complete the report LOOD INCOME STATEMENT Use the data at the top of the schedule to complete the report Use the data from your Cost of Services Provided Schedule Nm too On VARIANCES Use the data at the top of the schedule to calculate the following: Variance Favorable / Unfavorable AB MILESTONE 3 - Statement of Cost of Services INSTRUCTIONS: The following are the actual numbers for January Materials Purchased $5,000 of Materials Consumed 40% of those purchased materials Direct Labor Direct Labor was $6,240 Overhead Overhead was $2,800 Jazzy Dreams Dog Care Statement of Cost of Services For the Month Ended January 31, XXXX Beginning Work in Process Inventory Direct Materials: Materials - Beginning Add: Purchases for month of January Materials Available for Use Deduct: Ending Materials Materials Used Jazzy Dreams Dog Care Statement of Cost of Services For the Month Ended January 31, xxxx Beginning Work in Process Inventory Direct Materials: Materials - Beginning Add: Purchases for month of January Materials Available for Use Deduct: Ending Materials Materials Used Direct Labor Overhead Total Service Costs Deduct: Ending Work in Process Inventory Cost of Services * Cost of Goods Sold = Cost of Services There is no finished goods inventory to maintain. J41 A B C D E F G H I 0 18 ITEMS TO COMPLETE FOR THIS MILESTONE (Purple Tabs): GENERAL Use data from Milestone 1 and Milestone 2 in your analysis Revenue data needed for the Income Statement will be provided at the end of Module 4 COST OF SERVICES PROVIDED SCHEDULE Use the data at the top of the schedule to complete the report LOOD INCOME STATEMENT Use the data at the top of the schedule to complete the report Use the data from your Cost of Services Provided Schedule Nm too On VARIANCES Use the data at the top of the schedule to calculate the following: Variance Favorable / Unfavorable AB MILESTONE 3 - Statement of Cost of Services INSTRUCTIONS: The following are the actual numbers for January Materials Purchased $5,000 of Materials Consumed 40% of those purchased materials Direct Labor Direct Labor was $6,240 Overhead Overhead was $2,800 Jazzy Dreams Dog Care Statement of Cost of Services For the Month Ended January 31, XXXX Beginning Work in Process Inventory Direct Materials: Materials - Beginning Add: Purchases for month of January Materials Available for Use Deduct: Ending Materials Materials Used Jazzy Dreams Dog Care Statement of Cost of Services For the Month Ended January 31, xxxx Beginning Work in Process Inventory Direct Materials: Materials - Beginning Add: Purchases for month of January Materials Available for Use Deduct: Ending Materials Materials Used Direct Labor Overhead Total Service Costs Deduct: Ending Work in Process Inventory Cost of Services * Cost of Goods Sold = Cost of Services There is no finished goods inventory to maintain
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