What is one advantage that the system illustrated below gives to countries that are involved in the global economy? a. it permits developing nations to compete on an equal economic basis with more industrialized countries. b. it allows countries to specialize in the products and services best suited to their individual economic strengths. c. it permits countries with economies based on agriculture to continue selling goods that have a low margin of profit. d. it allows countries with greater production capabilities to gain an economic advantage over less-developed nations.

Miller company’s total sales are $171,000. the company’s direct labor cost is $20,520, which represents 30% of its total conversion cost and 40% of its total prime cost. its total selling and administrative expense is $25,650 and its only variable selling and administrative expense is a sales commission of 5% of sales. the company maintains no beginning or ending inventories and its manufacturing overhead costs are entirely fixed costs. required: 1. what is the total manufacturing overhead cost? 2. what is the total direct materials cost? 3. what is the total manufacturing cost? 4. what is the total variable selling and administrative cost? 5. what is the total variable cost? 6. what is the total fixed cost? 7. what is the total contribution margin?