To compare the $1-an-hour your grandfather earned in 1950 with the $8-an-hour you earn today, you would need to: question 35 options:
a) simply compare $1-an-hour to $8-an-hour.
b) add the inflation rates in each year since 1950 until today and add this to your grandfather's wage.
c) calculate real wages in both 1950 and today.
d) calculate your grandfather's nominal wage in 1950 and compare it to your wage today.

Rediger inc., a manufacturing corporation, has provided the following data for the month of june. the balance in the work in process inventory account was $28,000 at the beginning of the month and $20,000 at the end of the month. during the month, the corporation incurred direct materials cost of $56,200 and direct labor cost of $29,800. the actual manufacturing overhead cost incurred was $53,600. the manufacturing overhead cost applied to work in process was $52,200. the cost of goods manufactured for june was: