In 1932, the average wage rate was $0.55 an hour and in 2002 the average wage rate was $14.95 an hour. The CPI in 1932 was 13.7 and in 2002 it was 183.3. >>> Answer below to 2 decimal places. The 2002 nominal wage rate that is equivalent to $0.55 an hour in 1932 is $ nothing an hour. The real wage rate in 1932 is $ nothing. The real wage rate in 2002 is $ nothing. Which gives the higher real wage rate: $0.55 an hour in 1932 or $14.95 an hour in 2002? ▼ $14.95 in 2002 $0.55 in 1932

Vortex company operates a retail store with two departments. information about those departments follows. department a department b sales $ 800,000 $ 450,000 cost of goods sold 497,000 291,000 direct expenses salaries 125,000 88,000 insurance 20,000 10,000 utilities 24,000 14,000 depreciation 21,000 12,000 maintenance 7,000 5,000 the company also incurred the following indirect costs. salaries $36,000 insurance 6,000 depreciation 15,000 office expenses 50,000 indirect costs are allocated as follows: salaries on the basis of sales; insurance and depreciation on the basis of square footage; and office expenses on the basis of number of employees. additional information about the departments follows. department square footage number of employees a 28,000 75 b 12,000 50 required: 1. determine the departmental contribution to overhead and the departmental net income for department a and department b.