Under which kind(s) of performance by the other party can a party rescind a contract?
A) Inferior performance B) Substantial performance
C) Both A and B D) Neither A nor B
A
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Aaron, Inc estimates direct labor costs and manufacturing overhead costs for the coming year to be $750,000 and $550,000, respectively
Aaron allocates overhead costs based on machine hours. The estimated total labor hours and machine hours for the coming year are 18,000 hours and 7,000 hours, respectively. What is the predetermined overhead allocation rate? (Round your answer to the nearest cent.) A) $107.14 per machine hour B) $30.56 per labor hour C) $1.36 per labor hour D) $78.57 per machine hour
If the Fed increases reserve requirements, the demand for reserves ________ and the equilibrium federal funds rate ________
A) increases; drops B) decreases; rises C) decreases; drops D) increases; rises