Jamie Hopen, CPA, prepares tax returns. The production costs and the number of tax returns prepared for the month of September are as follows: $$\begin{array} { l r }
\text { Direct materials } & \$ 200 \
\text { CPA staff salaries } & 4,000 \
\text { Overhead } & 1,800 \
\text { Total } & \$ 6,000
\end{array}$$ Number of tax returns 300
What is the cost of services sold?

Question

Jamie Hopen, CPA, prepares tax returns. The production costs and the number of tax returns prepared for the month of September are as follows: $$\begin{array} { l r } 
\text { Direct materials } & \$ 200 \
\text { CPA staff salaries } & 4,000 \
\text { Overhead } & 1,800 \
\text { Total } & \$ 6,000
\end{array}$$ Number of tax returns 300
What is the cost of services sold?

Quizplus · Accepted Answer

The cost of services sold includes all the costs incurred to prepare the tax returns, which are the sum of direct materials, CPA staff salaries, and overhead, totaling $6,000.

Jamie Hopen, CPA, Prepares Tax Returns Number of Tax Returns 300 What Is the Cost of the Number

Jamie Hopen, CPA, Prepares Tax Returns Number of Tax Returns 300
What Is the Cost of the Number