Figure 5-5

question 136

Multiple Choice

Figure 5-5. Brillant Design Company makes custom chairs for individual customers.On October 1,there was one job in process,Job 243,with a cost of $1,300.Jobs 244,245,and 246 were started during the month of October.Data on costs added during the month are as follows:
Overhead is applied to production at the rate of 70% of direct labor cost.Job 245 was completed on October 14 and the client was billed at cost plus 55%.All other jobs remained in process.
Refer to Figure 5-5.What is the price of Job 245?

• A)$20,204.20
• B)$10,627.70
• C)$22,310.50
• D)$18,761.20
• E)$14,399.50

Identify the role and limitations of exemption or exclusion clauses in contracts.

Differentiate between conditions precedent and subsequent in contractual obligations.

Explain the significance of performance and tender of performance in fulfilling contractual obligations.

Understand the impact of fundamental breach on the applicability of exemption clauses.

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Definitions:

Medical Model

A framework for understanding illnesses and disorders by identifying them as medical conditions with specific symptoms and treatments.

Thomas Szasz

A Hungarian-American psychiatrist known for his criticisms of psychiatry and the moral and scientific foundations of the concept of mental illness.

Moral Judgement

The process of determining the rightness or wrongness of actions based on ethical principles or social norms.

Abnormal Behaviour

Actions, thoughts, or emotions that deviate significantly from cultural or societal norms and may impair an individual’s functioning.