Felonies are punishable by imprisonment for more than a year or death
Indicate whether the statement is true or false
True
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Which of the following is when compensation is tied to unit-level performance where revenue increases (or cost savings) are shared with an employee?
A. piece-meal plan B. gain-sharing plan C. stock options D. profit-sharing plan
Which of the following statements is FALSE?
A) courts will use a dictionary if the terms in a contract are unclear B) deposits are not returned if a buyer wants out of a sales contract unless it is a penalty C) actual stated terms in a contract are called express terms D) there is a duty to act in good faith when carrying out a contract E) the doctrine of fundamental breach has been expanded by the Supreme Court of Canada
Alsobrooks Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: ?Total machine-hours40,000?Total fixed manufacturing overhead cost$156,000?Variable manufacturing overhead per machine-hour$2.20Recently Job M242 was completed with the following characteristics:?Number of units in the job20?Total machine-hours60?Direct materials$725?Direct labor cost$1,680Required:a. Calculate the total job cost for Job M242.b. Calculate the unit product cost for Job M242.
What will be an ideal response?
Parol evidence refers to anything (other than the written contract itself) that was said, done, or written before or as the parties signed the contract
Indicate whether the statement is true or false