The "specifications" of a standardized futures contract describe the commodity or other asset covered by the contract and the amount of such commodity or asset to be delivered by the seller at expiration. the specifications can always be found at:

The specifications of future contracts can always be found on the website where the offer is made or in trading pits

Explanation: Futures contracts will always have their specifications as to the amount that must be offered, expiration date of the contracts, minimum quantities that can be purchased and other elements that can help us verify or work on these contracts.

The elements that make this type of contract generally mark a trend in which you can easily buy and sell for this type of contracts, becoming more liquid than bonds and other financial obligations.

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o