Jenilee Promises to Pay Kyle $500 Because "He Does Not

question 66

Multiple Choice

Jenilee promises to pay Kyle $500 because "he does not have as much money as other people." Jenilee's promise is

• A)enforceable because society wants people to keep their promises.
• B)enforceable because the redistribution of wealth is a valid social goal.
• C)not enforceable because Jenilee could have paid Kyle more.
• D)not enforceable because Kyle has not given consideration in return.

---

Definitions:

Job-order Costing

An accounting method that tracks costs individually for each job rather than average them over all jobs.

Overapplied

A situation where the allocated manufacturing overhead costs exceed the actual overhead expenses incurred.

Direct Labor

Labor costs associated with employees who are directly involved in the production of goods or the provision of services.

Indirect Labor

Describes labor costs associated with employees who do not directly work on a product, but whose services are necessary for the manufacturing process.