Which of the Following Could Be Used as a Way

question 55

Multiple Choice

Which of the following could be used as a way to get around the parol evidence rule? The court could find that

• A)the contract was partly written and partly oral
• B)there was a collateral contract
• C)the contract was made under duress
• D)both A and B
• E)there is no way to get around the parol evidence rule

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Definitions:

Predetermined Overhead Rate

The predetermined overhead rate is a calculated rate used to allocate manufacturing overhead to individual units of production. It is based on estimated costs and expected activity levels.

Fixed Manufacturing Overhead

The portion of the total manufacturing overhead costs that does not vary with the level of production, including costs such as rent, property taxes, and salaries of permanent staff.

Work in Process

Partially completed goods that are still in the production process at the end of an accounting period.

Standard Cost System

An accounting system that uses standard costs for product costing, based on expected costs.