Excess reserves a. are reserves banks keep above the legal requirement. b. are reserves banks keep to meet the reserve requirement. c. are loans made at above market interest rates. d. are the deposits that banks do not use to make loans. suppose the required reserve ratio is 1313% and a bank has the following balance sheet: assets liabilities reserves $2 comma 0002,000 deposits $10 comma 00010,000 loans $8 comma 0008,000 this bank keeps required reserves of $nothing and excess reserves of $nothing. (enter your responses as integers.)

Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is: