1. under the uniform commercial code (ucc), value has not been given if the holder (1 point) gives an irrevocable obligation as payment. gives a non-negotiable instrument. performs the agreed-upon promise. acquires a security interest 2. if an individual takes an instrument believing it was intended as an honest transaction, then he or she will qualify as a holder in due course based on which of the following requirements? (1 point) in good faith without notice of defect no evidence of irregularity for value 3. helen harrison creates an instrument containing the words “pay jose sanchez” and her signature. this is a endorsement and creates paper. (1 point) qualified, order special; bearer special; order blank; bearer 4. breach of contract, fraud, illegality of a contract, and the discharge of an instrument by cancellation are all examples of (1 point) taking without notice of defect. no evidence of forgery. immunity from personal defenses. personal defenses

Laval produces lamps and home lighting fixtures. its most popular product is a brushed aluminum desk lamp. this lamp is made from components shaped in the fabricating department and assembled in the assembly department. information related to the 22,000 desk lamps produced annually follows.direct materials $280,000direct labor fabricating department (8,000 dlh × $24 per dlh) $192,000assembly department (16,600 dlh × $26 per dlh) $431,600machine hours fabricating department $15,200mhassembly department $20,850mhexpected overhead cost and related data for the two production departments follow.fabricating assemblydirect labor hours 150,000dlh 295,000dlhmachine hours 161,000mh 128,000mhoverhead cost $400,000 430,000required1. determine the plantwide overhead rate for laval using direct labor hours as a base.2. determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate.3. compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.4. use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps.