Flapjack Corporation had 7,712 actual direct labor hours at an actual rate of $12.20 per hour. Original production had been budgeted for 1,100 units, but only 958 units were actually produced. Labor standards were 7.5 hours per completed unit at a standard rate of $13.13 per hour. The direct labor rate variance is a.$7,172.16 unfavorable b.$7,172.16 favorable c.$7,347.18 unfavorable d.$7,347.18 favorable

Fractional reserve banking which of the following statements about fractional reserve banking are correct? check all that apply. fractional reserve banking allows banks to create money through the lending process. fractional reserve banking does not allow banks to hold excess reserves. fractional reserve banking allows banks to create additional wealth by lending some reserves. fractional reserve banking relies on everyone not withdrawing their money at the same time.