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In divisible contracts, the law of sales provides that, "where the circumstances give either party to a contract for sale the right to make or demand delivery in lots, the price, if it can be apportioned, may be demanded for each lot." This is stated under which of the following provisions of the Uniform Commercial Code?
Manufacturing Overhead Account
An accounting category that records the indirect costs associated with producing goods, such as utilities for the factory or salaries for the maintenance staff.
Overapplied Manufacturing Overhead
A situation where the amount of manufacturing overhead allocated to products is more than the actual overhead incurred.
Work in Process
Inventory that includes all materials, labor, and overhead costs incurred for products that are in the production process but not yet completed.
Debit Balance
An amount that reflects a surplus of debits over credits in an account, often indicating assets or expenses.
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