50.1K

Verified Solution

Link Copied!

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 $475,000 Variable overhead 14,000 Fixed overhead 19,000 Next year, HHH expects to purchase $25,600 of direct materials. Projected beginning and ending inventories for direct materials are as follows: Direct Materials Inventory Beginning $4,000 Ending 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: Question Content Area 1. Prepare a statement of cost of services sold in good form. If an amount is zero, enter "0".

Beginning finished goodsCost of services producedCost of services soldEnding finished goodsCost of services produced$Cost of services producedAdd: Beginning finished goodsAdd: Cost of services producedAdd: Cost of services soldAdd: Ending finished goodsAdd: Beginning finished goodsAdd: Beginning finished goodsLess: Beginning finished goodsLess: Cost of services producedLess: Cost of services soldLess: Ending finished goodsLess: Ending finished goodsLess: Ending finished goodsBeginning finished goodsCost of services producedCost of services soldEnding finished goodsCost of services sold$Cost of services sold

Answer & Explanation Solved by verified expert

See Answer