Lemon Laws,which Assist Consumers Who Have Purchased Automobiles That Turn

question 41

Multiple Choice

Lemon laws,which assist consumers who have purchased automobiles that turn out to be "lemons,":

• A)are enacted by state legislatures.
• B)are enacted by Congress.
• C)are included in the warranty provisions of the UCC.
• D)have been preempted by the Magnuson-Moss Warranty Act.

---

Definitions:

Cost Pool

A collection of indirect costs grouped together, typically for the purpose of allocating them to different products, services, or departments.

ABC

Activity-Based Costing; a method of assigning overhead and indirect costs to specific products or projects based on their use of activities.

Activity

Any action or operation within a business that incurs costs or generates revenues.

Plantwide Overhead Rate

An overhead allocation rate that applies uniformly across an entire manufacturing plant, instead of being divided by department or activity.