ns to invest $154,000 in operating assets to produce and sell 12,000 units. Its required return on investment (ROI) in its operating assets is 16%. The accounting department has provided cost estimates for the new product as follows: Per Unit Total Direct materials $ 4.20 Direct labor $ 3.20 Variable manufacturing overhead $ 1.20 Fixed manufacturing overhead $ 68,400 Variable selling and administrative expenses $ 1.20 Fixed selling and administrative expenses $ 29,600 Required: 1. What is the unit product cost for the remodeled product

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Partnerships are the most common type of business firms in the world. t/f

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.