The parol evidence rule will not permit evidence of an oral agreement that is inconsistent with a written term, for as to that term the contract is integrated.
"Parol evidence” is generally oral evidence. It is beneficial and may be admitted under certain circumstances after the parties agree to a final written agreement. For example, if the parties to the contract made a mistake, such as omitting or mistakenly listing a term, parol evidence may be considered.
The parol evidence rule is an evidentiary rule in contract disputes which generally makes evidence of agreements outside the parties' written contract inadmissible. That is, under the parol evidence rule any agreement that is not contained within the written contract is inadmissible in court.
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Answer and Explanation:
The computation is shown below:
a. Contribution margin per unit
As we know that
Contribution margin per unit = Selling price per unit - variable cost per unit
Particulars Product A Product B Product C
Selling price per unit $76 $56 $66
Variable cost per unit $48 $19 $39
Contribution margin per unit $28 $37 $27
b. Contribution margin per direct labor hour for each product
Contribution margin per direct labor hour = Contribution margin per unit ÷ Direct labor hours per unit
Particulars Product A Product B Product C
Contribution margin per unit $28 $37 $27
Direct labor hours per unit 2.5 3.9 2.9
Contribution margin per direct labor hour $11.2 $9.49 $9.31
c. Based on the contribution margin per direct labor hour, the product that should be more focused is product A
Answer:
True
Explanation:
If lean production totally eliminates inventories, the net operating income computed under the absorption and variable costing methods should be equal. If lean production only reduces inventories, then the difference in net operating income under the two methods will be reduced.
Lean production is a system of production that tries to eliminate bottlenecks in the flow of goods by employing tools like just in time (JIT), Kaizen, and the 5S of Sort, Set in Order, Shine, Standardize, and Sustain, among others. It attempts to cut costs, reduce unnecessary inventory, shorten production cycle, speed response time, grant employees autonomy, and reduce waste of resources while ensuring high quality and customer satisfaction.
Lean production employs some principles in order to achieve efficiency. They are: 1) definition of value, 2) mapping the value stream, 3) creating efficient flow, 4) using a pull system, and 5) pursuing perfection in all aspect of production activities. The Lean approach can be applied to services and other aspect of business, like system, structure, and organization.
Answer:
15,684.97 units
Explanation:
Given that
Initial investment = $229,700
Project life = 4 year
Fixed cost = $66,800
Price variable cost = $5.07
Selling price = $12.99
Variable costs = $5.07
The computation of break-even point is shown below:-
Depreciation = Initial investment ÷ Project life
= $229,700 ÷ 4
= $57,425
Break even point = (Fixed cost + Depreciation) ÷ (Price variable cost)
= ($66,800 + $57,425) ÷ ($12.99 - $5.07)
= 15,684.97 units
Answer: B Administrative delays
Explanation:
Administrative delay means: any Governmental Entity’s failure to act within a reasonable time, in keeping with standard practices for such Governmental Entity, or within the time contemplated in the Interagency Cooperation Agreement, the Planning Cooperation Agreement, any of the Land Acquisition Agreements, the Tax Allocation Agreement, any Acquisition and Reimbursement Agreement.
