Because of the war on terrorism, the U.S. government prohibited doing business with certain countries. Contracts that existed at the time the prohibition was announced were:
a. unilateral
b. unconscionable c. exculpatory
d. quasi-contracts
e. none of the other choices
e
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Indicate whether the statement is true or false.
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Answer the following statement true (T) or false (F)
An agreement is evidenced by a single event: an offer.
Answer the following statement true (T) or false (F)
A furniture manufacturer uses a standard costing system in which standard machine-hours (MHs) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: Denominator level of activity 1,400MHsOverhead costs at the denominator activity level: Variable overhead cost$12,040 Fixed overhead cost$17,360 ?The following data pertain to operations for the most recent period: Actual hours 1,300MHsStandard hours allowed for the actual output 1,440MHsActual total variable manufacturing overhead cost$11,440 Actual total fixed manufacturing overhead cost$18,560 ?The fixed manufacturing overhead budget variance for the period is closest to:
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