Commercial Impracticability Allows Discharge of a Contract Only If It

question 69

True/False

Commercial impracticability allows discharge of a contract only if it is actually impossible to perform.

---

Definitions:

Favorable

A term denoting a financial result that is better than expected or budgeted.

Standard Cost Card

A standard cost card details the expected costs of materials, labor, and overhead associated with producing a product.

Direct Labor Hour

A measure of the amount of time spent by workers directly involved in the manufacturing process of producing goods.

Overhead Applied

The portion of overhead costs allocated to specific jobs or departments based on a predetermined formula or rate.