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

question 14

Multiple Choice

Use the information below to answer the following question(s) .
Daniel Inc.expects to sell 6,000 ceramic vases for $20 each in 2015.Direct materials costs are $2,direct manufacturing labour is $10,and manufacturing overhead is $3 per vase.Each vase requires 0.5 kilograms (kg) of material which is all added at the start of production.The units in work-in-process beginning and ending inventory were half complete as to direct labour and manufacturing overhead costs;the units in beginning inventory are completed before new units are started.Each vase requires one hour of direct labour,and manufacturing overhead is allocated based on direct labour hours.The following inventory levels are expected to apply to 2015:

-What are the 2015 budgeted costs for direct manufacturing labour?

• A)$62,000
• B)$60,000
• C)$61,000
• D)$59,000
• E)$63,000

Acknowledge the role of tort law in providing remedies for civil wrongs and preventing future harms.

Understand the basic elements and objectives of tort law.

Differentiate between various types of torts, including assault, battery, defamation, false imprisonment, and invasion of privacy.

Identify the defenses available for tort actions and their applicability.

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Definitions:

Stock Exchange

A marketplace where securities, including stocks and bonds, are bought and sold.

Designated Securities

These are specific securities that have been selected for a special purpose, such as being eligible collateral for a loan or part of a regulated market segment.

Moral Hazard

The situation where one party to an agreement can take risks because they know that another party bears the consequences of those risks, often seen in insurance and finance.

Unfavorable Information

Data or news that negatively impacts the valuation or perception of a company or investment.