A comparative advantage exists when the possible value of specialization is lower than that of different nations. The life of comparative advantage is, in turn, suffering from things consisting of abundance, productivity, cost of exertions, land, and capital.
Comparative gain refers back to the capacity to produce goods and services at a decreased opportunity value, no longer necessarily at a greater volume or quality. Comparative advantage is a key insight that trade will still arise despite the fact that one u . s . has an absolute advantage in all products.
Comparative gain is a key principle in global trade and paperwork the basis of why free change is useful to nations. The idea of comparative advantage indicates that even supposing a country enjoys an absolute advantage in the manufacturing of goods, trade can nonetheless be beneficial to each trading partner.
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All you have to do is multiply 20 and .40. the answer is 8
Answer:
$9,600
Explanation:
Annual Depreciation = Cost – Residual Value/Useful Life
Using the formula
Cost=$57,000
Residual value =$9,000
Useful life =5years
Hence:
$57,000 – $9,000/5
=$48,000/5
= $9,600
The second-year depreciation will therefore be $9,600
Answer:
Total Overhead Cost is $ 510,000 for 78,000 direct labor hours
Explanation:
Corrington Manufacturing Company
Fixed Budget 80,000 direct labor hours
Variable Overhead $400,000
Fixed Overhead $120,000
Flexible Budget 78,000 direct labor hours
Variable Over head = $ 400,000/ 80,000 * 78,000= $ 390,000
Fixed Overhead $120,000
Total Overhead Cost is <u> $ 510,000 </u> for 78,000 direct labor hours
First we divide the variable overhead with the budgeted number of direct labor hours and then multiply it with the flexible labour hours to get the variable overhead at this activity level . The fixed overhead does not change.
