Examlex
Identify the treatment of each of the following costs under variable costing and absorption costing:
Illegal Contracts
Agreements that are not enforceable by law because they involve activities that are illegal.
Interference with Contractual Relations
Interference with Contractual Relations involves intentionally causing a party to a contract to fail to fulfill their obligations, harming the contractual relationship.
Plaintiff
The party who initiates a lawsuit in civil court against a defendant to seek remedy or damages.
Benefit of Performance
The advantage or gain promised to one party in a contract upon the fulfillment or performance of the conditions specified by the agreement.
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