An award of ________ orders the breaching party to perform the acts promised in a contract.
A. reformation
B. injunction
C. restitution
D. specific performance
Answer: D
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A company uses the following standard costs to produce a single unit of output. Direct materials6 pounds at $0.90 per pound=$5.40 Direct labor0.5 hour at $12.00 per hour=$6.00 Manufacturing overhead0.5 hour at $4.80 per hour=$2.40 During the latest month, the company purchased and used 58,000 pounds of direct materials at a price of $1.00 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $56,350 based on 4,900 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $15,000 and fixed manufacturing overhead incurred was $10,400. Based on this information, the total direct labor cost variance for the month was:
A. $1,200 unfavorable B. $2,450 unfavorable C. $1,200 favorable D. $3,650 favorable E. $2,450 favorable
In a mediation
A) the parties to the dispute attempt to their own agreement. B) the decision of a third party such as a judge is binding. C) the decision of a third party such as a judge is non-binding. D) the decision of a third party such as a judge can be binding or non-binding.
On the diffusion of innovation curve, the late majority is the final group of buyers who like to avoid change and rely on traditional products until they are no longer available.
Answer the following statement true (T) or false (F)
A(n) ____ contract is one in which the parties have manifested their agreement by oral or written language, or both
A) express B) implied C) executory D) formal