Answer:
Predetermined manufacturing overhead rate= $22.2 per direct labor hour
Explanation:
Giving the following information:
Fixed manufacturing overhead= $127,840 per month
Estimated direct labor hours= 9,400
The variable overhead rate is $8.60 per direct labor hour
<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (127,840 / 9,400) + 8.6
Predetermined manufacturing overhead rate= $22.2 per direct labor hour
Answer:
Total Check-able deposits to increase by $333.5 billion
Explanation:
If the bank reserves increase by $50 billion, the total check-able deposits will increase by 50 * the credit multiplier.
Credit multiplier is the measure by which an increase in total money supply can be measured relative to an increase in banks' excess reserves.
Credit Multiplier = 1 / reserve ratio
Credit Multiplier = 1 / 0.15 = 6.67
So an increase in excess reserves of 50 billion will have a net effect of 50 * 6.67 = $333.5 billion. This will be the net increase in total check-able deposits or the money supply.
Hope that helps.
<span>b. false is my answer</span>
A. A trade surplus is when a country exports more than it imports, while a trade deficit happens when imports exceed exports.