Simple Agreed to Purchase a Quantity of Bird Feed for His

question 78

True/False

Simple agreed to purchase a quantity of bird feed for his canary from a local pet shop.The shopkeeper agreed to weigh the feed,and have it in a package for Simple when he returned in one hour.The shopkeeper weighed the feed,and wrote the weight,price,and Simple's name on the package.Before Simple returned,the package was stolen from the shop.
-The goods were unascertained goods,and title passed when they were unconditionally appropriated to Simple by the seller's act of writing Simple's name on the package.

---

Definitions:

Labor Efficiency Variance

The difference between the actual labor hours used and the standard labor hours expected for the level of production achieved, indicating labor productivity.

Labor Rate Variance

The difference between the actual cost of labor and the budgeted or standard cost, indicating efficiency or inefficiency in workforce use.

November

The eleventh month of the year in the Gregorian calendar, characterized by the transition from fall to winter in many regions.

Standard Cost

A predetermined cost of manufacturing, used for budgeting and assessing performance.