Answer:
Adjusted in Cash balance per the bank record
bank balance $19,361
Add: Deposit intransit <u> 1,650</u>
21,011
Outstanding check <u> (891)</u>
Adjusted cash balance <u> 20,120</u>
Explanation:
In order to calculate the adjusted cash balance in the bank record the deposit in transit will be added to the bank balance on the statement while the outstanding check will be deducted. Bank error shall be corrected in cash book side of the reconciliation.
In this problem, you are given the amount of direct materials
that was purchased by the company which is $6,184.
To record the purchase of the direct materials, the journal
entry would be:
Materials $6,184
Cash $6,184
To record the usage of the direct materials to production,
the entry would be:
Work in Process $6,184
Materials $6,184
Answer:
390 F
Explanation:
Spending variance is defined as the difference between the actual expenses and planned expenses. It is favorable when the actual expenses is less than planned and vice versa.
Operating cost $3000
Maintenance per snow day - $330
Budgeted snow day - 24
Actual snow day - 26
Actual operating cost - $11,190
Variance
((330*26)+3000 =11580
Actual operating cost = 11,190
Variance = 11580-11190= 390 F
1.Sales Tax
2.Income Tax
3.Payroll Tax
4.Social Security Tax
4.Property Tax
The answer is B - this is how Barry splits his time.