Multiple Choice
Turco Consulting is providing consulting services to a client. For this consulting assignment, Turco used $500 in supplies and 175 hours of consulting time. Turco charges clients $200 per hour and pays its consultants $115 per hour. Turco assigns overhead to jobs based on a rate of $50 per labor hour. The entry to record the cost of this service when billed would include a:
A) Debit to Cost of Services for $29,375
B) Credit to Cost of Services for $29,375
C) Debit to Cost of Services for $35,000
D) Debit to Work-in-Process Services for $35,000
Correct Answer:
Verified
Correct Answer:
Verified
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