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forsale [732]
1 year ago
7

Bank reserves include Part 2 A. vault cash and deposits with the Federal Reserve. B. loans to bank customers and deposits with t

he Federal Reserve. C. vault cash and loans to bank customers. D. customer checking accounts and vault cash.
Business
1 answer:
Sergeu [11.5K]1 year ago
7 0

Bank reserves include vault cash and deposits with the Federal Reserve

<h3>What is cash?</h3>

Cash is money in the physical form of currency, such as banknotes and coins, in economics. Cash is a current asset in bookkeeping and financial accounting that consists of currency or currency equivalents that can be accessed immediately or nearly immediately.

Cash (currency or coins) is legal tender that can be used to exchange goods, debt, or services. It may also include the value of assets that can be quickly converted into cash, as reported by a company.

Money in checking accounts Money in savings accounts Drafts from banks Orders for money Petty cash

To know more about cash follow the link:

brainly.com/question/24373500

#SPJ4

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\begin{tabular}&#10;{|C||C|C|}&#10; & Mixing & Baking\\[1ex]&#10;Direct labor hours&411,000 DLH&91,000 DLH\\&#10;Maching hours&811,000 MH&811,000 MH\\[1ex]&#10;Overhead costs&\$534,300&\$411,000&#10;\end{tabular}

Pard A:

</span><span>Aztec's departmental overhead rate for the mixing department based on direct labor hours is given by the mixing department's overhead cost divided by the mixing department's direct labor hours.

Thus, </span><span>departmental overhead rate for the mixing department based on direct labor hours is given by:

\frac{\$534,300}{411,000\ DLH} =\bold{\$1.30\ per\ DLH}



Part B:

</span>Aztec's departmental overhead rate for the baking department based on direct labor hours <span>is given by the baking department's overhead cost divided by the baking department's direct labor hours.

</span><span>Thus, <span>departmental overhead rate for the baking department based on direct labor hours is given by:

\frac{\$411,000}{91,000\ DLH} =\bold{\$4.52\ per\ DLH}



Part 3:

</span></span>Aztec's departmental overhead rate for the baking department based on machine hours <span>is given by the baking department's overhead cost divided by the baking department's machine hours.

</span><span>Thus, <span>departmental overhead rate for the baking department based on machine hours is given by:

\frac{\$411,000}{811,000\ MH} =\bold{\$0.51\ per\ MH}</span></span>
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