Beck Corporation, which began operations on January 1 of the current year, reported the following information: Budgeted manufacturing overhead of $600,000 Actual manufacturing overhead of $639,000 Budgeted direct-labor cost of $480,000 Actual direct labor cost of $500,000 Total debits in the Work-in-Process Inventory account of $1,880,000 Total credits in the Finished-Goods Inventory account of $920,000 Beck uses a normal cost system and applies manufacturing overhead to jobs on the basis of direct labor cost. On December 31, Job #18 was the only job that remained in production. It had been budgeted at $24,000 for direct material and $76,000 for direct labor, and actual costs incurred through 12/31 were $16,500 for direct material and $36,000 for direct labor. Calculate the balance the company would report as ending Work-in-Process Inventory. Group of answer choices $0 $52,500 $45,000 None of the other answers are correct $97,500

Ajustification for job training programs is that they improve worker productivity. suppose that you are asked to evaluate whether more job training makes workers more productive. however, rather than having data on individual workers, you have access to data on manufacturing firms in ohio. in particu- lar, for each firm, you have information on hours of job training per worker (training) and number of nondefective items produced per worker hour (output). (i) carefully state the ceteris paribus thought experiment underlying this policy question. (ii) does it seem likely that a firm’s decision to train its workers will be independent of worker characteristics? what are some of those measurable and unmeasurable worker characteristics? (iii) name a factor other than worker characteristics that can affect worker productivity. (iv) if you find a positive correlation between output and training, would you have convincingly established that job training makes workers more productive? explain.

Norton manufacturing expects to produce 2,900 units in january and 3,600 units in february. norton budgets $20 per unit for direct materials. indirect materials are insignificant and not considered for budgeting purposes. the balance in the raw materials inventory account (all direct materials) on january 1 is $38,650. norton desires the ending balance in raw materials inventory to be 10% of the next month's direct materials needed for production. desired ending balance for february is $51,100. what is the cost of budgeted purchases of direct materials needed for january? $58,000 $65,200 $26,550 $25,150

What is the relationship between marginal external cost, marginal social cost, and marginal private cost? a. marginal social cost equals marginal private cost plus marginal external cost. b. marginal private cost plus marginal social cost equals marginal external cost. c. marginal social cost plus marginal external cost equals marginal private cost. d. marginal external cost equals marginal private cost minus marginal social cost. marginal external cost a. is expressed in dollars, so it is not an opportunity cost b. is an opportunity cost borne by someone other than the producer c. is equal to two times the marginal private cost d. is a convenient economics concept that is not real