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Prepare a cost of contract services provided schedule (similar to a cost of goods manufactured schedule) for the month. Sandra Robinson, the bookkeeper for Oriole,
Prepare a cost of contract services provided schedule (similar to a cost of goods manufactured schedule) for the month. Sandra Robinson, the bookkeeper for Oriole, Pharoah, and Marx, a political consulting firm, has recently completed a managerial accounting course at her local community college. One of the topics covered in the course was the cost of goods manufactured schedule. Suraya 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, 2022: Contract Equipment Depreciation Depreciation Used on Administrative Office Equipment Insurance on Administrative Operations Insurance on Contract Operations Janitorial Services for Administrative Offices Janitorial Services for Professional Offices Salaries of Administrative Office Personnel Salaries of Professionals (Direct Labour) Supplies Used in the Administrative Offices Supplies Used (Direct Materials) Utilities for Administrative Offices Utilities for Contract Operations Service Overhead Total Overhead Cost of Contract Services Provided
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