Answer:
B
Explanation:
A consistent, predictable amount of work
The most important phase of the SDLC is the requirement gathering and analysis phase because this is when the project team begins to understand what the customer wants from the project.
Answer:
price variance $14,040 U
quantity variance $ 5,650 F
rate variance $ 10,700 U
efficiency variance $ 26,800 U
Explanation:
Missing information attached:
Purchase of Aluminium:
66 ending + 3,530 used - 46 beginning = 3,510
DIRECT MATERIALS VARIANCES
std cost $25.00
actual cost $29.00
quantity 3,510 (purchase)
difference $(4.00)
price variance $(14,040.00)
std quantity 3756.00 (939 units x 4 pounds per unit)
actual quantity 3530.00
std cost $25.00
difference 226.00
quantity variance $5,650.00
DIRECT LABOR VARIANCES
std rate $40.00
actual rate $42.00
actual hours 5,350
difference $(2.00)
rate variance $(10,700.00)
std hours 4680.00
actual hours 5350.00
std rate $40.00
difference -670.00
efficiency variance $(26,800.00)
This question is a little but more difficult to solve, as it depends on the situation. For certain banks it is not worth it due to rates that must be payed, but in your case here I believe that it would be TRUE.
Answer:
1. Cash $700 Dr
Unearned Service Revenue $700 Cr
2. Unearned Service revenue $35 Dr
Service Revenue $35 Cr
Explanation:
1. When the payment is received in advance, the cash is received so it will be debited as cash is increasing. The service has not been provided so it is a liability of the company and the unearned service revenue will be credited as liability is increasing.
2. The cash received in advance $700 is for the service that is to be provided 20 times.
When the service is provided one time, the revenue for this has been earned so it will be recorded as a decrease to liability and an increase to revenue. So unearned service revenue will be debited and service revenue will be credited.
The revenue from one time service providing is = 700 / 20 = $35
