The primary difference between a good and a service, both of which are products to the marketer, is that a good is __________ and a service is __________.<span>a physical object; intangible.</span>
Answer:
Dr unearned revenue $7,500
Cr legal services revenue $7,500
Being recognition of legal services revenue earned
Explanation:
The appropriate adjusting entry now would be to recognize the revenue earned from October 1 through to December 31.
Revenue=$10,000*3/4=$7,500
The $7,500 would be debited to unearned revenue account as it is now earned while the legal services revenue account would be credited for the same amount.
Answer:
Manufacturing overhead= $59,000
Explanation:
<u>Manufacturing overhead refers to indirect factory-related costs that are incurred when a product is manufactured.</u> We need to identify the indirect costs incurred in production. It includes the <u>depreciation</u> of factory equipment.
Manufacturing overhead= Utilities, factory + Indirect labor + Depreciation of production equipment
Manufacturing overhead= 9,000 + 25,000 + 25,000
Manufacturing overhead= $59,000