Bag Ladies,Inc

question 151

Multiple Choice

Bag Ladies,Inc.manufactures two kinds of bags-totes and satchels.The company allocates manufacturing overhead using a single plantwide rate with direct labor cost as the allocation base.Estimated overhead costs for the year are $25,500.Additional estimated information is given below.

Calculate the amount of overhead to be allocated to Totes.(Round any percentages to two decimal places and your final answer to the nearest dollar. )

• A)$500
• B)$330
• C)$11,556
• D)$13,945

Recognize the application and requirements of promissory estoppel within contract law.

Identify the factors influencing the sufficiency of consideration in contracts.

Distinguish between illusory and actual promises and their significance in contract formation.

Grasp the concept of adequacy of consideration and its relevance in court evaluations of contracts.

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Definitions:

Instinct

An innate, typically fixed pattern of behavior in animals in response to certain stimuli.

Imitation

The action of using someone or something as a model and attempting to replicate their behavior, characteristics, or techniques.

Observation

The action or process of closely monitoring or watching something or someone.

Proxemics

The cross-cultural study of people's perception and use of social space.