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2 years ago

The adjusting entry to record revenue for services the seller has performed but not yet collected requires ______.

2 answers:

5 0

The adjusting entry to record revenue for services the seller has performed but not yet collected requires: A debit to Accounts Receivable and credit to Service Revenue.

<h3>Journal entry</h3>

The appropriate journal entry the record revenue for services the seller has rendered but not yet collected will includes debiting account receivable and crediting service revenue.

Adjusting journal entry

Debit Accounts Receivable

Credit Service Revenue

Inconclusion the adjusting entry to record revenue for services the seller has performed but not yet collected requires: A debit to Accounts Receivable and credit to Service Revenue.

Learn more about journal entry here:brainly.com/question/14279491

Viefleur [7K]2 years ago

4 0

Answer: a debit to accounts receivable and credit to service revenue

Explanation:

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If overhead is applied to individual jobs at a rate of 50% of direct labor costs incurred per job, and $50,000 in direct materia

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The total cost applied to the job is $87,500 when the direct materials are $50,000, the cost of direct labor is $25,000 and the overhead cost is 50 % of direct labor.

<h3>What is meant by total cost?</h3>

Total cost means the combined cost of materials, human labor, and the overheads incurred in the process of production.

Given values:

Cost of direct materials: $50,000

Cost of direct labor: $25,000

Cost of overheads: $12,500 ($25,000 X 50%)

Computation of total job cost:

$\rm Total \rm\ Job \rm\ Cost=\rm\ Cost \rm\ of \rm\ Direct \rm\ Materials+\rm\ Cost \rm\ of \rm\ Direct \rm\ Labor+\rm\ Cost \rm\ of \rm\ Overheads\\\rm Total \rm\ Job \rm\ Cost=\$50,000 + \$25,000 + \$12,500\\\rm Total \rm\ Job \rm\ Cost=\$87,500$

Therefore, when the direct materials are $50,000, the direct labor is $25,000 and the overhead cost is $12,500, then the total cost of the job is $87,500.

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