The Word "Merchantability" Must Be Mentioned in a Disclaimer of an Implied

question 16

True/False

The word "merchantability" must be mentioned in a disclaimer of an implied warranty of merchantability.

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Definitions:

Direct Labor-Hours

The total hours worked by employees directly involved in the manufacturing process or providing services.

Manufacturing Overhead

All indirect costs associated with the production process, such as maintenance, utilities, and quality control costs.

Cost of Goods Sold

The direct costs attributed to the production of the goods sold by a company, including material and labor costs.

Underapplied Overhead

A condition where the applied manufacturing overhead is less than the actual manufacturing overhead.