Assume that the required reserve ratio is 20 percent. a business deposits a $50,000 check at bank a; the check is drawn against bank b. what happens to the excess reserves at bank a and bank b?

Reserves Increase by $50,000 at Bank A, and decrease by $50,000 at Bank B.

Explanation:

since the business deposited the check at bank A, their reserves increase by the amount the deposited and because the check is drawn against bank B, the reserves at bank B decreases by the check amount.

urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total