Answer:
d.regardless of what Ocean knew or could have discovered.
Explanation:
The uniform commercial code are a set of rules that govern transactions involving sale of goods. One of such rules is the implied warranty of merchantability.
When goods are sold there is an implied warranty that the item will perform up to a particular level.
For example if one buys a television not is expected that the television will work. If it does not come on, implied warranty has been breached.
So in this case regardless of what Ocean knew or could have discovered, selling defective goods is a breach of implied warranty of merchantability.
answer:
removing control of their labor and their sense of independence.
Answer:
It is the "opportunity cost."
Explanation:
The "opportunity cost" is considered to be the cost that a person incurs in relation to the benefits of the other option that he didn't choose. When it comes to comparative advantage, this cost is naturally present. Comparative advantage refers to the ability that a person or a business is able to produce a good more efficiently compared to another activity he didn't choose. The opportunity cost plays a vital role here.
When a person/company evaluates the advantages and disadvantages of two options (for example), they will try to weigh these things. If the advantages of one option outweighs the other, the person/company will choose this because it is more efficient. The" opportunity cost" here refers to the cost that they incurred relating to the enjoyment benefits from the other option, as they haven't chosen it.
Answer:
(i) $1,295 Favorable
(ii) $3,744 Unfavorable
Explanation:
Actual price = Actual cost of materials ÷ Actual materials purchased
= $43,105 ÷ 3,700
= $11.65
Materials price variance = Actual Quantity (Actual Price - Standard Price)
= 3,700($11.65 - $12.00)
= $1,295 Favorable
Standard Quantity = Actual output × Standard quantity per unit of output
= 560 × 4.8
= 2,688
Materials quantity variance:
= Standard Price (Actual Quantity - Standard Quantity)
= $12.00 (3,000 - 2,688)
= $3,744 Unfavorable
