Answer: $19037
Explanation:
The following can be deduced from the question:
Balance per Bank statement = $18361
Add: Deposits in Transit = $1450
Add: Bank error = $63
Less: Outstanding check = $837
Adjusted cash Balance per Bank:
= ($18361 + $1450 + $63) - $837
= $19874 - $837
= $19037
The adjusted cash balance per the bank records should be $19037.
N.B: The bank error was gotten as the difference between $92 and $29. $92 - $29 = $63
Answer: $412,292
Explanation:
First compute Overhead Absorption Rate = Budgeted Overhead divided by Budgeted Activity Level
In this question the activity level is Direct Labour Hours (DLH) which is the basis for allocating overhead.
budgeted factory overhead for the year at $453,120, and budgeted direct labor hours for the year are 384,000.
$453,120 divided by 384,000 DLH =$1.18
Overheard to be allocated for May is OAR * Actual Activity level
$1.18*349400= $412,292
This is the amount to be allocated to may
The answer is: "management rights" .
_________________________________________________________
"In a unionized firm, the <u> management rights </u> clause of <span>the collective bargaining agreement typically retains for management the authority to impose reasonable rules for workplace conduct and to discipline employees for just cause."
_________________________________________________________</span>
