A Union Fulfills Its Fair Representation Obligation If It Demonstrates

question 15

True/False

A union fulfills its fair representation obligation if it demonstrates that it considered the interests of all its members and takes its ultimate position honestly,in good faith,and without hostility or arbitrary discrimination.

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Definitions:

Fixed Manufacturing Overhead

Manufacturing costs that do not vary with the volume of production, such as building lease payments or salaries of factory supervisors.

Work in Process

Inventory that includes all the materials, labor, and overhead costs for products that are in the production process but not yet complete.

FOH Budget Variance

is the difference between the budgeted factory overhead costs and the actual overhead costs incurred.

FOH Volume Variance

A measure used in accounting to describe the difference between the budgeted and actual volume of production, affecting fixed overhead costs.