The Following Data for February Has Been Provided by Gillard

question 38

Multiple Choice

The following data for February has been provided by Gillard Corporation. The volume variance for February is:

• A)$5,580 F
• B)$5,580 U
• C)$7,440 U
• D)$7,440 F

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Definitions:

Perfect Tender Rule

A legal principle in sales law that allows buyers to reject goods if they fail to conform precisely to the terms of the contract.

Slightest Defect

Refers to the minimum imperfection or fault in something that can lead to legal liability or the rejection of a product or service.

Destroy

The act of causing something to cease to exist or to become inoperative or unserviceable.

Replacement Shipment

Sending out a new or additional shipment to replace defective or missing products originally dispatched.