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Given the Following Master File Containing Employee Names (Key Field)and

question 16

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Given the following master file containing employee names (key field) and hourly rates and given the following transaction file,how many total records will there be in the updated master file?
 Master File  Transaction File  John 20.00 Add  Jim 11.00 Mary 10.00 Delete  John  Sue 6.00 Add  Nancy 15.00 Tom 8.00 Delete  Tom  Vince 13.00 Add  Tom 13.00 Change  Vince 14.00\begin{array} { l l l l l } \text { Master File } & & { \text { Transaction File } } & \\\text { John } & 20.00 & \text { Add } & \text { Jim } & 11.00 \\\text { Mary } & 10.00 & \text { Delete } & \text { John } & \\\text { Sue } & 6.00 & \text { Add } & \text { Nancy } & 15.00 \\\text { Tom } & 8.00 & \text { Delete } & \text { Tom } & \\\text { Vince } & 13.00 & \text { Add } & \text { Tom } & 13.00 \\& & \text { Change } & \text { Vince } & 14.00\end{array}

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Definitions:

Overapplied

Refers to the situation where the allocated manufacturing overhead cost is greater than the actual manufacturing overhead cost incurred.

Underapplied

A situation in which the allocated manufacturing overhead costs are less than the actual overhead costs incurred.

Raw Materials

Basic materials and components that are used in the manufacturing process to produce finished goods.

Journal Entries

Records in accounting that document financial transactions and their impact on the accounts of an organization in a chronological order.

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