Answer:
b. Debit Unearned revenues for $400.
Explanation:
When money is received in advance for a service that is yet to be rendered, the money is accounted for as a liability called deferred or unearned income.
The entries are
Dr Cash
Cr Deferred revenue
when the service is rendered, revenue is said to be earned with the following entries passed
Dr Deferred revenue
Cr Revenue
Hence when $1,000 for services was received on December 1 and was recorded as a liability
Dr Cash $1,000
Cr Deferred revenue $1,000
when $400 had been earned
Dr Deferred revenue $400
Cr Revenue $400
Option b is right
b. Debit Unearned revenues for $400.
Answer: B. False
Explanation:
A product backlog is the list that records the improvements to be made to a product.
Teams operating separately should not have multiple backlogs but should have one so that when the team mean to develop the product looks at the backlog, there is one single authoritative file instead of multiple ones that could complicate things.
1. ANSWER: D. She started and finished the paper very quickly, not allowing much time for following the steps of the writing process.
EXPLANATION: Daphne was confident about her performance as she could judge what the teachers wanted to read. In the essay competition, she chose a topic and was confident about it. She wrote it quickly and focused more on time she is taking to finish the essay. She skipped the steps that were necessary about writing the essay. She hurriedly completed her task forgetting her necessary steps.
2. ANSWER: A. She wrote about a topic that was important to her.
EXPLANATION: Daphne did a clever by choosing a topic which was important to her. She knew she will be comfortable in writing a topic which she had knowledge about. It helped her gain confidence which was necessary for winning the essay competition. Though she made other mistakes but by choosing a topic of her expertise she did the right thing.
3. ANSWER: C. Spend too much time writing the paper and not allow enough time for revising.
EXPLANATION: Daphne should have revised her essay before submitting it in the competition. She could have understood her flaws and mistakes if she revised the essay. She could have easily corrected them and submitted it. This would have helped her secure A grade once again.
Answer: Economies of scope
Explanation:
Economies of scope refers to the
proportionate saving that's gained when a company produces two or more goods, such that the cost of producing the goods is less than the cost incurred when each good is separately produced.
In such case, the average total cost of production will reduce as a result of the rise in the number of different goods that are produced.
Therefore, the concept that Microsoft use to argue that this breakup would increase total costs is Economies of scope
Answer:
The answer are:
- $62.50 per direct labor hour - for preparation department
- $33.33 per direct labor hour - for processing department
Explanation:
To calculate the departmental overhead cost per direct labor hour we must divide the total overhead cost over the total amount of direct labor hours.
Preparation department: $25,000 / 400 DLH = $62.50 per DLH
Processing department: $20,000 / 600 DLH = $33.33 per DLH