Courts Require That for a Contract to Be Unenforceable Based

question 35

True/False

Courts require that for a contract to be unenforceable based on unconscionability,both substantive and procedural unconscionability must be equally present.

---

Definitions:

Traditional Costing

Traditional Costing is a method of costing that allocates manufacturing overhead costs to products based on the volume of production resources consumed, such as labor hours or machine hours.

Overhead Assigned

The allocation of indirect costs to a particular production process or activity.

Direct Labor-Hours

A measure of the total hours worked by employees directly involved in the manufacturing process.

Traditional Costing

An accounting method that applies factory overhead costs to products based on a predetermined overhead rate.