With reference to #31, Sam:
A)?Can revoke his offer at any time because there is no consideration for the offer
B)?Cannot revoke his offer because it was UCC and it was in writing.
C)?Cannot revoke his offer because it is a firm offer.
D)?Can revoke his offer any time prior to Bobby's acceptance.
D
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Indicate whether this statement is true or false.
Which of the following can result from improving quality?
A. higher customer satisfaction B. higher costs C. reduced compliance D. loss of market share
To compute equivalent units of production using the FIFO method of process costing, work for the current period must be stated in units
a. completed during the period and units in ending inventory. b. completed from beginning inventory, units started and completed during the period, and units partially completed in ending inventory. c. started during the period and units transferred out during the period. d. processed during the period and units completed during the period.
Carlton Corporation Carlton Corporation produces and sells faux-leather handbags. In the current year, the company budgeted for the production and sale of 1,000 handbags; however, 900 handbags were actually produced and sold. Each bag has a standard requiring two yards of material at a cost of $4.00 per yard and 1 hour of assembly time at a cost of $9.50 per hour. Actual costs for the production
of 900 bags were $7,215 for materials (1,850 yards purchased and used @ $3.90 per yard) and $10,125 for labor (1,125 hours @ $9.00 per hour). Refer to the Carlton Corporation information above. Carlton's direct labor rate variance is: A) $562.50 F. B) $562.50 U. C) $450.00 F. D) $450.00 U.