Beta Company allocates its fixed manufacturing overhead based on direct labor hours. Total fixed manufacturing overhead is $20,000. The direct labor wage is $6 per hour. Total direct labor hours are 4,000 hours. Compute the allocation rate for fixed manufacturing overhead. Group of answer choices $6 per hour $20,000 per hour $5 per hour $11 per hour $5,000 per hour

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.