Answer:
$17,440
Explanation:
Given that,
Outstanding checks in June Bank Reconciliation = $5,540
Checks issued during July = $40,300
Checks cleared in July = $28,400
Amount of outstanding checks:
= Outstanding checks in June Bank Reconciliation + Checks issued during July - Checks cleared in July
= $5,540 + $40,300 - $28,400
= $17,440
Therefore, the amount of outstanding checks on McKeel's July bank reconciliation should be $17,440.
Answer:
1. $2,296
2. $19.58
3. Total labor cost = Fixed cost + (variable cost × employee hour)
Explanation:
The computations are shown below:
1. The fixed cost would be
= High labor cost - (High employee hours × Variable rate per hour)
= $10,324 - (410 hours × $19.58)
= $10,324 - $8,028
= $2,296
2. Variable rate per hour = (High labor cost - low labor cost) ÷ (High employee hours - low employee hours)
= ($10,324 - $6,800) ÷ (410 hours - 230 hours)
= $3,524 ÷ 180 hours
= $19.58
3. The cost formula would be
Total labor cost = Fixed cost + (variable cost × employee hour)
= $2,296 + ($19.58 × employee hour)
Answer:
cumulative quantity discounts
Explanation:
Many customer’s purchase items and commodities at the end of the seasons because at year-end, the sellers, manufacturers and dealers offer various discounts to clear the inventory. Likewise, customers of savvy often buy commodities at the end of a quarter or a season to earn cumulative quantity discounts; it is a discount that is given to consumers who buy a specific amount of quality.
Hello!
I don't really understand the question.. Sorry if this doesn't help!
-EmojiQueen
