What is Underapplied (Under-absorbed) Factory Overhead Rate?
Underapplied factory overhead, also known as under-absorbed factory overhead, refers to a situation where the actual overhead costs incurred during a specific accounting period exceed the amount...
Overapplied factory overhead, also known as over-absorbed factory overhead, refers to a situation where the actual overhead costs incurred during a specific accounting period are less than the amount...
Applied overhead refers to the amount of overhead costs that are allocated or assigned to products, services, or cost objects based on a predetermined rate or allocation method. It is the application...
A job cost sheet, also known as a job order cost sheet, is a document or record used in job order costing to track and accumulate the costs associated with a specific job or project. It serves as a...
An activity base, also known as a cost driver, is a measure or factor that is used to allocate or assign indirect costs to specific cost objects. It represents the factor that causes or influences...
Cost allocation is the process of assigning or distributing costs to specific cost objects, such as products, services, departments, or projects. It involves dividing the total costs incurred by a...
