Futon Delight Experienced the Following Costs in 2014 (Assume the Same

question 14

Multiple Choice

Futon Delight experienced the following costs in 2014 (Assume the same unit costs in all years) : $\begin{array}{lr}\text { Direct materials }&\$ 2.00 \text { per unit }\\\text { Direct labor }&\$ 1.00 \text { per unit }\\\text { Manufacturing overhead costs }\\\text { Variable } & \$ 1.50 \text { per unit } \\\text { Fixed } & \$45,000\\\end{array}$ There were 600 units in beginning inventory. During the year, the company manufactured 18,000 units and sold 17,600 units. If net income for the year was $54,000 using full costing, how much will net income be if the company uses variable costing?

• A) $53,000
• B) $50,000
• C) $55,000
• D) More information is needed to determine the answer.

Define usage of trade, course of dealing, and course of performance and their relevance under the UCC.

Compare the application of the perfect tender rule under the UCC to the common law standards of performance.

Understand the principles and rules under the Uniform Commercial Code (UCC) regarding tender of delivery, and the obligations of sellers/lessors and buyers/lessees in transactions.

Comprehend the perfect tender rule and its application in common law and under the UCC.

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Definitions:

Sterile Gloves

Gloves that have been treated to eliminate all forms of bacteria and other contaminants, used in medical procedures to maintain a sterile environment.

Clostridium Difficile

Clostridium Difficile is a bacterium that can cause symptoms ranging from diarrhea to life-threatening inflammation of the colon, often following antibiotic therapy.

Biohazard Bags

Specially designed bags to contain and dispose of materials contaminated with blood, bodily fluids, or other potentially infectious materials.

Hand Hygiene

The practice of cleaning hands to remove dirt, germs, and bacteria, reducing the risk of spreading infections, especially important in healthcare settings.