Proponents of the Command School of Jurisprudence Will Assert That

question 59

Multiple Choice

Proponents of the Command School of jurisprudence will assert that the law is ________.

• A)developed, communicated, and enforced by the ruling party
• B)a means to achieve and advance sociological goals
• C)a collection of a society's traditions and customs that has developed over the centuries
• D)based on human reasoning, and humans' choosing power between what is good and evil

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Definitions:

Cost of Goods Available for Sale

The total cost of inventory that a business has ready for sale, comprising both beginning inventory plus the cost of goods manufactured.

Overapplied

A situation where the allocated manufacturing overhead cost exceeds the actual manufacturing overhead costs incurred, resulting in an apparent surplus.

Underapplied

A situation where the allocated manufacturing overhead is less than the actual overhead incurred.

Predetermined Overhead Rate

An estimated charge per unit of activity used to allocate manufacturing overhead costs to products, calculated before the accounting period begins based on expected costs and activity levels.