Elvis makes an offer to Fred, but before Fred can accept, the state supreme court decides a case that makes Elvis's offer illegal. The court's decision:

a. automatically terminates the offer.
b. has no effect on the offer.
c. acts as a condition on the offer.
d. acts as a rejection of the offer by the offeree.


a

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The following data relate to direct labor costs for February: Actual costs 7,700 hours at $14 Standard costs 7,000 hours at $15 What is the direct labor rate variance?

A) $7,000 favorable B) $7,000 unfavorable C) $7,700 favorable D) $7,700 unfavorable

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The cost of the materials that are directly part of the final product are

A) indirect materials B) direct materials C) direct labor costs D) manufacturing overhead costs

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Chapter 13 discharges are granted to debtors before their plans of payment begin

Indicate whether the statement is true or false

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A . Under the Code, what constitutes an "express" warranty? How does an express warranty arise? b. Which of the following would be an express warranty? Explain. (1) "This is the best computer available in town." (2) "This car has new brakes." (3) "This

sample is just like the one in the box." (4) "In my opinion, this is a better video recorder than the one made by RCA." (5) "As a mechanic, I think this car is in good running order and should give you no problems for at least three months."

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