Answer:
The theory of absolute advantage
Explanation:
The theory of absolute advantage is a quantity-based approach to measuring the productivity of nations with respect to their output in international commercial dealings.
The theory was an Adam Smith's submission that emphasizes that nations of the world should specialize in producing goods and services that they are most productive.
The theory failed to address a major problem that in gaining a benefit another alternative benefit is lost,hence nations should also factor in the benefits they lose when they specialize in producing certain products.
Answer:
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Answer:
Option A,$4,200 is the correct option to the question
Explanation:
The fixed manufacturing overhead budget for the month is the difference between budgeted fixed manufacturing overhead cost and actual fixed manufacturing overhead cost for the month as shown by the computation below:
Fixed manufacturing overhead budget variance =$52,000-$56,200=-$4,200
The variance is an unfavorable since the actual overhead cost of $56,200 outweighs the budgeted cost of $52,000,hence the correct option is A
It should be noted that When using the allowance method, the adjusting entry includes a credit to Allowance for Doubtful Accounts debit to Bad Debt Expense.
<h3>What is allowance method?</h3>
The allowance method can be regarded as a method which involves setting aside a reserve for bad debts which could come up in the future.
The reserve is done on percentage of the sales generated in a reporting period,
Learn more about allowance method at;
brainly.com/question/4636062
Answer:
Financial Accounting Standards Board
Explanation:
