Use the Information Below to Answer the Following Question(s)

question 87

Multiple Choice

Use the information below to answer the following question(s) .General Media manufactures cassettes and CDs in separate divisions utilizing one plant location.The following data have been prepared for review.
-What are the fixed cost per year and the variable cost per hour for the General Media CD Division if the dual-rate method is used? Assume that the allocation bases are budgeted usage for fixed costs and for variable costs.

• A)$100,270 and $480
• B)$126,000 and $400
• C)$134,043 rounded and $480
• D)$134,043 rounded and $400
• E)$900,000 and $400

Discriminate between valid and invalid exculpatory clauses.

Comprehend the legal consequences of unconscionable contracts and clauses.

Identify exceptions to the rule against the enforcement of illegal contracts.

Understand the components and importance of employment contracts, including the provision related to restraint of trade.

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Definitions:

Article 9

A provision of the Uniform Commercial Code that governs secured transactions involving personal property, establishing a legal framework for creating and enforcing security interests.

Class of Goods

A grouping or category of goods that share similar characteristics or are aimed at a specific market segment, often used for classification in legal, commercial, or logistical contexts.

Farm Products

Goods produced by farming operations, including but not limited to crops, livestock, and products derived directly from them.

Security Interest

A legal claim or lien on assets, granted to lenders or creditors as security for a loan.