If the parties to a contract agree to undo the agreement and return any consideration involved, the contract is discharged by:?
A) mutual cancellation
B) mutual rescission
C) novation
D) accord and satisfaction
B
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Weston Company uses the FIFO method in its process costing system. The first processing department, the Welding Department, started the month with 18,000 units in its beginning work in process inventory that were 50 percent complete with respect to conversion costs. The conversion costs in the beginning work in process inventory were $52,200. An additional 55,000 units were started into
production during the month. There were 16,000 units in the ending work in process inventory of the Welding Department that were 20 percent complete with respect to conversion costs. A total of $284,160 in conversion costs were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs for the month on the department's process cost report? (Round to three decimal places.) A) $5.550 B) $4.608 C) $5.800 D) $5.167
A budget depends upon:
A. neither the level of output nor the input standards. B. only the level of output. C. only the input standards. D. both the level of output and the input standards.
Which of the following statements is correct?
a. Traditional costing systems are comparatively expensive to develop. b. Traditional costing systems are generally less accurate at allocating overheads. c. Activity–based costing and traditional systems often produce different product cost information. d. Activity–based costing is comparatively less time consuming.
Outside the U.S., public relations firms are typically called which of the following?
A. Marketing communicators C. Publicity agencies B. Public relations associates D. Organizational relations firms C. Public relations consultancies