With respect to the buyer's basic obligations under Article 2, the most critical element is:
a. the appropriate manner and timeliness of delivery b. the place of tender from the seller
c. the quality of tender
d. accept goods of "adequate" quality e. none of the other choices
e
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Parr Corporation makes three products, X, Y, and Z. Expected overhead costs for the coming year include:
Parr uses direct labor hours as the cost driver to allocate overhead costs. Budgeted direct labor hours for each product are:Product X, 15,000 direct labor hoursProduct Y, 10,000 direct labor hoursProduct Z, 5,000 direct labor hoursRequired:1) Determine the amount of manufacturing overhead that should be allocated to each of the three products.2) Assume that each unit of Product X requires $40 in direct materials and 3 direct labor hours at a rate of $15 per hour. Calculate the budgeted or expected cost of each unit of X.
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________ tend to be symbolic and enthusiastic.
A) Artisans B) Guardians C) Rationalists D) Idealists
In an overhead budget:
a. only variable overhead are included. b. both variable and fixed overhead are included. c. separate budgets are prepared for fixed overhead. d. several activity drivers are selected. e. Both a and c answers are correct.