Answer:
The final balance would be $24,616.34 at the end of 16 years of monthly compounded interest
Explanation:
The total compound interest would be $9,616.34 after 16 years.
Deposits in transit would be added to the balance per book on a bank reconciliation.
<h3>What is Bank reconciliation?</h3>
Bank reconciliation is the process by which cash balances available in an individual or organization accounting records are matched together the corresponding information of bank statement. The main objective of this statement is distinguish the differences between the book changes and the accounting records as appropriate.
Therefore, Deposits in transit would be added to the balance per book on a bank reconciliation.
Learn more about bank reconciliation below.
brainly.com/question/15525383
Answer:
a. Calculate the predetermined overhead rate based on capacity.
- predetermined overhead rate = $26,190 / 279 hours = $93.87 per hour
b. Calculate the manufacturing overhead applied.
- applied manufacturing overhead = $93.87 per hour x 240 hours = $22,528.80 ≈ $22,529
c. Calculate the cost of unused capacity.
- cost of unused capacity = (279 hours - 240 hours) x $93.87 per hour = 39 x $93.87 per hour = $3,660.93 ≈ $3,661
or
- $26,190 - $22,529 = $3,661
