Which of the following is not a correct rule of debits and credits?

a.Assets are decreased by credits and have a normal debit balance.

b.Assets, expenses, and dividends are increased by debits.

c.The normal balance for revenues and expenses is a credit.

d.Liabilities, revenues, and stockholders' equity are increased by credits.

1. Panamint Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and wire drives. The indirect labor can be traced to four separate activity pools. The budgeted activity cost and activity base data by product are provided below.

   	Activity Cost		Activity Base
   Procurement	$365,400		Number of purchase orders
   Scheduling	239,700		Number of production orders
   Materials handling	465,300		Number of moves
   Product development	783,000		Number of engineering changes
   Production	1,510,200		Machine hours

   	Number of Purchase Orders	Number of Production Orders	Number of Moves	Number of Engineering Changes	Machine Hours	Number of Units
   Disk drives	3,940	320	1,400	15	2,000	1,600
   Tape drives	2,200	235	750	3	9,200	4,300
   Wire drives	12,800	710	3,700	20	10,400	2,200

   The activity rate for the procurement activity cost pool is

   a.$69.92 per purchase order

   b.$288.85 per purchase order

   c.$19.29 per purchase order

   d.$189.49 per purchase order