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Use the following information to answer questions
A company expected its annual overhead costs to be $750,000 and machine hours to equal 100,000 hours. Actual overhead was $745,000, and actual machine hours totalled 97,000 hours.
-How much overhead was applied?
Monetary Payments
Transfers of money from one party to another as a form of compensation or settlement.
Damages
Financial compensation ordered by a court to a plaintiff for losses suffered due to the defendant's unlawful act or negligence.
Breach Of Contract
Not meeting any condition of a contract, be it in written or oral form, without an authentic legal reason.
Creditor Beneficiary
A third party who benefits from a contract in which the promisor agrees to pay the promisee’s debt.
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