A list of risks for additinal study is an output of:

When a manufacturing company uses a standard cost system, the direct materials cost variance is recorded at the time direct materials are issued in production

Indicate whether the statement is true or false

Assume that a car owner contracts with a mechanic to have his engine overhauled

The mechanic mistakenly used original equipment quality piston rings in doing the overhaul, whereas the contract had called for the use of premium quality rings that are better than original equipment quality. Which of the following is true? A) This is a substantial performance, and the owner must still pay something to the mechanic. B) This is a substantial performance, and the owner owes nothing to the mechanic. C) This is a material breach, and the owner must still pay something to the mechanic. D) This is a material breach, and the owner owes nothing to the mechanic.