At the beginning of the current year, the grant company's work in process inventory account had a balance of $30,000. during the year, $68,000 of direct materials were used in production, and $66,000 of direct labor costs were incurred. factory overhead for the year amounted to $90,000. cost of goods manufactured is $230,000. the balance in work in process inventory on december 31 is a. $66,000 b. $36,000 c. $44,000 d. $24,000

With signals from no-claim bonuses and deductibles, a. the marginal cost curve for careful drivers lies to the left of the marginal cost curve for aggressive drivers b. auto insurance companies insure more aggressive drivers than careful drivers because aggressive drivers have a greater need for the insurance c. the market for car insurance has a separating equilibrium, and the market is efficient d. most drivers pay higher premiums than if the market had no signals