Solum Manufacturing Corporation Has a Traditional Costing System in Which

question 3

Multiple Choice

Solum Manufacturing Corporation has a traditional costing system in which it applies manufacturing overhead to its products using a predetermined overhead rate based on direct labor-hours (DLHs) . The company has two products, V47Q and K41P, about which it has provided the following data: The company's estimated total manufacturing overhead for the year is $2,449,440 and the company's estimated total direct labor-hours for the year is 54,000.

The company is considering using a variation of activity-based costing to determine its unit product costs for external reports. Data for this proposed activity-based costing system appear below:

-The unit product cost of product V47Q under the company's traditional costing system is closest to:

• A)$53.30
• B)$70.32
• C)$43.10
• D)$78.57

Understand the concept and applications of the Statute of Frauds in contract enforcement.

Identify and explain the UCC rules related to contract formation, including offer and acceptance.

Recognize the relevance of course of performance, course of dealing, and usage of trade in interpreting contracts under the UCC.

Analyze the requirements for contract modifications and the effects of additional or different terms in contract formation.