​ Courts Will Always Permit Spoken Words to Add to or Modify

question 10

True/False

​ Courts will always permit spoken words to add to or modify the terms of a written contract that appears to be complete.

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Definitions:

Factory Overhead Cost Variance

The difference between the actual and budgeted indirect manufacturing costs.

Fixed Overhead

Costs that do not fluctuate with the level of production or sales, such as rent, salaries, and insurance.

Variable Overhead

These are costs that vary with production volume, such as materials and labor, as opposed to fixed overhead costs.

Direct Materials Cost Variance

The difference between the budgeted cost of materials and the actual cost used in production.