China and United States of America engaged in a trade war of which has been characterized by increasing tariffs and other trade barriers aimed towards forcing China to make changes to what the U. S referred to as “unfair trade practices”. These include the theft of U. S Intellectual Property (IP) and the forced transfer of American technology to China. The U. S also claimed that these practices have led to the growing trade deficit in their dealings with China (Rosyadi & Widodo, 2017). Requirement
a) Critically examine how far this trade war has reached and whether or not any of the
International Institutions for Trade have aided in the resolution of the matter.

b) Explain how the macro and micro economic indicators of both countries have
responded to this trade war

Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000