All of the following statements characterize the comparative advantage principle except ________
A) the principle provides the foundation for modern international trade
B) cost of production is less important than the ratio of production
C) the exportation of labor-intensive goods should be emphasized
D) nations can trade profitably even if manufacturing costs are high
C
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Inspection rights are essential for directors to make __________ decisions. This right cannot be ___________.
Fill in the blank(s) with the appropriate word(s).
Selected data for Lemon Grass, Inc for the year are provided below Factory Utilities $1,000 Indirect Materials Used 34,000 Direct Materials Used 292,000 Property Taxes on Factory Building 5,900 Sales Commissions 85,000 Indirect Labor Incurred 22,000 Direct Labor Incurred 150,000 Depreciation on Factory Equipment 6,800 What is the total manufacturing overhead?
A) $442,000 B) $56,000 C) $69,700 D) $13,700