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Bordes Corporation has provided the following data concerning its most important raw material, compound R85F: The raw material was purchased on account.
-The Materials Quantity Variance for May would be recorded as a:
Prima Facie
A term from Latin meaning "on its face" or "at first sight"; in legal contexts, it refers to evidence that, unless rebutted, would be sufficient to prove a particular proposition or fact.
Consumer Goods
Items that are bought for personal or household use rather than for manufacturing or reselling purposes.
Liquidated Damages
A predetermined amount of money that must be paid as compensation for failure to fulfill a contractual obligation.
Unconscionable
Refers to something that is extremely unfair or unjust, often to the extent that it shocks the conscience.
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