In which of the following cases should the united states produce more noodles than it wants for its own use and trade some of those noodles to italy in exchange for wine?
a. the opportunity cost of producing a gallon of wine is the same for italy as it is for the united states.
b. the united states has an absolute advantage over italy in producing noodles.
c. americans know less than italians know about cooking noodles.
d. italy has a comparative advantage over the united states in producing wine.

Grace period is a period of time before the credit card company starts charging late fees.truefalse

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.

What tax is paid by the most people in the united states