Answer the Following Questions Using the Information Below:
Flinders Potters

question 157

Multiple Choice

Answer the following questions using the information below:
Flinders Potters manufactures two sizes of ceramic paperweights,regular and jumbo.The following information applies to their expectations for the planning period:
$$\begin{array} { l c l } \text { Cost Pool } & \text { Overhead Costs } & \text { Activity-cost Driver } \\\text { Materials handling } & \$ 50000 & 100000 \text { orders } \\\text { Machine maintenance } & \$ 300000 & 15000 \text { maintenance hours } \\\text { Set-ups } & \$ 270000 & 45000 \text { set-ups } \\\text { Inspections } & \$ 110000 & 22000 \text { inspections } \\\text { Total support costs } & \$ 730000 & \\\\& { \text { Production Es timates } } \\ & \text { Production urits: } \\& \text { Regular } = 8000000 \text { units } \\& \text { Jumbo } = 16000000 \text { units } \\& \text { Machine-hours } = 200000 \mathrm { mh } \\&\text { Labour-hours } = 400000 \mathrm { dlh }\end{array}$$ Flinders Potters uses an ABC system and assigns overhead costs based on the overhead activity information provided above.
-The materials handling activity-cost driver rate is:

• A)$20.00
• B)$2.00
• C)$0.50
• D)$5.00

Identify the conditions under which charitable pledges may be considered enforceable contractual obligations.

Appreciate the legality and enforceability of various contractual agreements, including those involving forbearance and illusory promises.

Grasp the concept of legal detriment and how it is required for mutual exchange in contracts.

Understand the specific provisions of laws such as the EU Data Protection Directive and the UCC regarding contracts.

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Definitions:

Psychologists

Professionals in the field of psychology who study mental processes and behavior in humans and animals.

Awareness

The state of being conscious of something, including feelings, perceptions, or facts.

Social Exchange Theory

A psychological theory that explains social behavior in terms of an exchange process, aiming to maximize benefits and minimize costs in relationships.

Altruistic Behavior

Actions intended to benefit others without expecting personal gain.