Consider two scenarios. in the first, the nominal interest rate is 6 percent and the expected rate of inflation is 4 percent. in the second, the nominal interest rate is 5 percent and the expected rate of inflation is 2 percent. in which situation would you rather be a lender? in which would you rather be a borrower?

Consider derek's budget information: materials to be used totals $64,750; direct labor totals $198,400; factory overhead totals $394,800; work in process inventory january 1, $189,100; and work in progress inventory on december 31, $197,600. what is the budgeted cost of goods manufactured for the year? a. $1,044,650 b. $649,450 c. $657,950 d. $197,600