Examlex
Tucha Manufacturing Co. operates in a just-in-time (JIT) manufacturing environment. The company had scheduled production of 95,000 units during February in its Y12 cell. Actual February production totaled 88,200 units. Tucha had budgeted conversion costs for February totaling $800,000 and budgeted production hours totaling 2,000.
Compute Tucha's budgeted cell conversion cost per unit for Cell Y12.
UCC
The Uniform Commercial Code delivers a full suite of legal stipulations for handling commercial transactions across the United States.
Lien
A legal claim or right against a property that can be used as collateral to satisfy a debt owed by the property owner.
Implied Warranty Of Trade Usage
An assurance, inferred in the context of certain UCC sales, depending on the circumstances, that can be created through a well-accepted course of dealing or trade usage.
Soda Pop
A sweetened carbonated beverage, commonly known as soda or soft drink.
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