Question

Keisha Tombert, the bookkeeper for Bramble Consulting, a political consulting firm, has recently completed a 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, 2020.

Supplies used on consulting contracts		$2,620
Supplies used in the administrative offices		2,340
Depreciation on equipment used for contract work		910
Depreciation used on administrative office equipment		1,240
Salaries of professionals working on contracts		16,300
Salaries of administrative office personnel		8,470
Janitorial services for professional offices		740
Janitorial services for administrative offices		550
Insurance on contract operations		890
Insurance on administrative operations		950
Utilities for contract operations		2,490
Utilities for administrative offices		1,550

(a)

Prepare a schedule of cost of contract services performed (similar to a cost of goods manufactured schedule) for the month.

BRAMBLE CONSULTING Schedule of Cost of Contract Services Performed                                                           For the Month Ended August 31, 2020For the Year Ended August 31, 2020August 31, 2020
Cost of Contract Services PerformedDepreciation on Equipment Used for Contract WorkDepreciation Used on Administrative Office EquipmentInsurance on Administrative OperationsInsurance on Contract OperationsJanitorial Services for Administrative OfficesJanitorial Services for Professional OfficesSalaries of Administrative Office PersonnelSalaries of Professionals Working on ContractsService OverheadSupplies Used in the Administrative OfficesSupplies Used on Consulting ContractsUtilities for Administrative OfficesUtilities for Contract OperationsTotal Overhead				$
Cost of Contract Services PerformedDepreciation on Equipment Used for Contract WorkDepreciation Used on Administrative Office EquipmentInsurance on Administrative OperationsInsurance on Contract OperationsJanitorial Services for Administrative OfficesJanitorial Services for Professional OfficesSalaries of Administrative Office PersonnelSalaries of Professionals Working on ContractsService OverheadSupplies Used in the Administrative OfficesSupplies Used on Consulting ContractsUtilities for Administrative OfficesUtilities for Contract OperationsTotal Overhead
Cost of Contract Services PerformedDepreciation on Equipment Used for Contract WorkDepreciation Used on Administrative Office EquipmentInsurance on Administrative OperationsInsurance on Contract OperationsJanitorial Services for Administrative OfficesJanitorial Services for Professional OfficesSalaries of Administrative Office PersonnelSalaries of Professionals Working on ContractsService OverheadSupplies Used in the Administrative OfficesSupplies Used on Consulting ContractsUtilities for Administrative OfficesUtilities for Contract OperationsTotal Overhead
Cost of Contract Services PerformedDepreciation on Equipment Used for Contract WorkDepreciation Used on Administrative Office EquipmentInsurance on Administrative OperationsInsurance on Contract OperationsJanitorial Services for Administrative OfficesJanitorial Services for Professional OfficesSalaries of Administrative Office PersonnelSalaries of Professionals Working on ContractsService OverheadSupplies Used in the Administrative OfficesSupplies Used on Consulting ContractsUtilities for Administrative OfficesUtilities for Contract OperationsTotal Overhead		$
Cost of Contract Services PerformedDepreciation on Equipment Used for Contract WorkDepreciation Used on Administrative Office EquipmentInsurance on Administrative OperationsInsurance on Contract OperationsJanitorial Services for Administrative OfficesJanitorial Services for Professional OfficesSalaries of Administrative Office PersonnelSalaries of Professionals Working on ContractsService OverheadSupplies Used in the Administrative OfficesSupplies Used on Consulting ContractsUtilities for Administrative OfficesUtilities for Contract OperationsTotal Overhead
Cost of Contract Services PerformedDepreciation on Equipment Used for Contract WorkDepreciation Used on Administrative Office EquipmentInsurance on Administrative OperationsInsurance on Contract OperationsJanitorial Services for Administrative OfficesJanitorial Services for Professional OfficesSalaries of Administrative Office PersonnelSalaries of Professionals Working on ContractsService OverheadSupplies Used in the Administrative OfficesSupplies Used on Consulting ContractsUtilities for Administrative OfficesUtilities for Contract OperationsTotal Overhead
Cost of Contract Services PerformedDepreciation on Equipment Used for Contract WorkDepreciation Used on Administrative Office EquipmentInsurance on Administrative OperationsInsurance on Contract OperationsJanitorial Services for Administrative OfficesJanitorial Services for Professional OfficesSalaries of Administrative Office PersonnelSalaries of Professionals Working on ContractsService OverheadSupplies Used in the Administrative OfficesSupplies Used on Consulting ContractsUtilities for Administrative OfficesUtilities for Contract OperationsTotal Overhead
Cost of Contract Services PerformedDepreciation on Equipment Used for Contract WorkDepreciation Used on Administrative Office EquipmentInsurance on Administrative OperationsInsurance on Contract OperationsJanitorial Services for Administrative OfficesJanitorial Services for Professional OfficesSalaries of Administrative Office PersonnelSalaries of Professionals Working on ContractsSupplies Used in the Administrative OfficesSupplies Used on Consulting ContractsService OverheadUtilities for Administrative OfficesUtilities for Contract OperationsTotal Overhead
Cost of Contract Services PerformedDepreciation on Equipment Used for Contract WorkDepreciation Used on Administrative Office EquipmentInsurance on Administrative OperationsInsurance on Contract OperationsJanitorial Services for Administrative OfficesJanitorial Services for Professional OfficesSalaries of Administrative Office PersonnelSalaries of Professionals Working on ContractsService OverheadSupplies Used in the Administrative OfficesSupplies Used on Consulting ContractsUtilities for Administrative OfficesUtilities for Contract OperationsTotal Overhead				$

Answer 1