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Answer:
Dr Petty cash fund 1,200
Cr Cash 1,200
Dr Office supplies expenses 466
Dr Miscellaneous selling expenses 193
Dr Miscellaneous administrative expenses 121
Dr Cash short and over 24
Cr Petty cash fund 804
Dr Petty cash fund 804
Cr Cash 804
the balance in the petty cash fund is $1,2000 again
Answer:
The correct answer is C.
Explanation:
Giving the following information:
The Tobler Company had budgeted production for the year as follows:
Quarter 1 2 3 4
Production in units 10,000 9,000 13,000 11,000
4 pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 7,000 lbs. The raw materials inventory at the end of each quarter should equal 9% of the next quarter's production needs in materials.
Direct material 2nd quarter:
Production= 9,000*4= 36,000lbs
Ending inventory= (13,000*0.09)*4= 4,680lbs
Beginning inventory= (9,000*0.09)*4= 3,240lbs (-)
Total= 37,440 lbs
Answer:
Exploitative Devices: Management did not share benefits of increased productivity and so economic welfare of workers was not increased. 2. Depersonalized work: Workers were made to repeat the same operations daily which led to monotony
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