Provide a Short Answer to Each of These Questions

question 44

Essay

Provide a short answer to each of these questions.Be sure to fully explain your answer.
Courts have interpreted some communications from employer to employee as implied contracts,even though the employer did not intend them as contracts.Evaluate the reasonableness of the courts' interpretations.

---

Definitions:

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, computed by taking the number of partially completed units and converting them into a number of fully completed units.

Total Materials Costs

The total expense incurred by a company for the materials that are used in the production process of its goods or services.

Manufacturing Cost

Direct expenditures involved in creating goods, such as components, employee wages, and additional production overhead.

Conversion Cost

The combination of labor and overhead costs incurred to convert raw materials into finished products.