Correct the one in red for me please Keisha Tombert the book

Correct the one in red for me please

Keisha Tombert, the bookkeeper for Washington Consulting, a political consulting firm, has recently completeda managerial accounting course at her local college. One of the topics covered in the course was the cost of goods manufactured schedule. Keisha 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, 2017 Supplies used on consulting contracts Supplies used in the administrative offices Depreciation on equipment used for contract work Depreciation used on administrative office equipment Salaries of professionals working on contracts Salaries of administrative office personnel Janitorial services for professional offices Janitorial services for administrative offices $1,940 1,700 910 1,450 16,400 8,690 800 580 880 930 2,360 1,930 Insurance on contract operations Insurance on administrative operations Utilities for contract operations Utilities for administrative offices Prepare a schedule of cost of contract services performed (similar to a cost of goods manufactured schedule) for the month

Solution

Salaries of Professional offices $800 should appear in 2nd raw &

Depreciation on Equipment used for contract work should be classified as Service overhead.

Format is like

Manufacturing = Services

Direct Material = Supplies

Direct wages = Salaries of professionals

Manufacturing overhead = service overhead which includes your all correctly filled items plus depreciation

Just correct your solution as per above guideline and you will get answer.

Thank You