Without Authorization,Rolf Contracts on Behalf of Sari to Have Tige

question 29

Multiple Choice

Without authorization,Rolf contracts on behalf of Sari to have Tige paint the interior and exterior of Sari's house.Sari ratifies the contract.Later,Sari tries to rescind the part of the contract re?lat?ing to the exterior.This attempt will be

• A)partly successful.
• B)partly unsuccessful.
• C)totally successful.
• D)totally unsuccessful.

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Definitions:

Finished Goods Inventory

The total value of all completed products that are ready for sale but have not been sold yet.

Indirect Labor

Labor costs not directly associated with the manufacturing of a product, such as maintenance and administrative staff expenses.

Direct Materials

Materials in their unprocessed state that are directly linked to the manufacturing of specific products or services.

Direct Labor Costs

The expenses of paying workers who are directly involved in the production of goods or services.