Answer the Following Questions Using the Information Below

question 148

Multiple Choice

Answer the following questions using the information below:
Cannady produces six products. Under their traditional cost system using one cost driver, SR6 costs $168.00 per unit. An analysis of the activities and their costs revealed that three cost drivers would be used under the new ABC system. The new cost of SR6 was determined to be $178.00 per unit.
-Given this change in the cost ________.

• A) SR6 will now command a higher sales price
• B) SR6 has benefited from the new system
• C) SR6 is definitely more accurately costed
• D) the costing results for SR6 under the new system depend on the adequacy and quality of the estimated cost drivers and costs used by the system

Understand the practical applications and exceptions to the parol evidence rule.

Identify and explain the roles of admissions, partial performance, and promissory estoppel in contract law.

Recognize the significance of the incorporation of land in contracts and its relevance in statute of frauds.

Understand prenuptial agreements and their legal implications.

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Definitions:

Source of E-Evidence

Origin or provider of digital data or electronic records that can be used as evidence in legal proceedings or investigations.

Metadata

Embedded electronic data recorded by a computer in association with a particular file, including location path, creator, date created, date last accessed, hidden notes, earlier versions, passwords, and formatting. Metadata reveals information about how, when, and by whom a document was created, accessed, modified, and transmitted.

Electronic Data

Information that is stored in a digital format and can be retrieved via electronic devices.

Chain of Custody

The chronological documentation or paper trail that records the sequence of custody, control, transfer, analysis, and disposition of physical or electronic evidence.