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Low-GC Gram-positive bacteria
Adjusted Cost of Goods Sold
The cost of goods sold adjusted for changes in inventory levels, often used in managerial accounting to reflect more accurate costs.
Overapplied Overhead
A credit balance in the Manufacturing Overhead account that occurs when the amount of overhead cost applied to Work in Process is greater than the amount of overhead cost actually incurred during a period.
Underapplied Overhead
A debit balance in the Manufacturing Overhead account that occurs when the amount of overhead cost applied to Work in Process is less than the amount of overhead cost actually incurred during a period.
T-account
A visual representation of a ledger account that outlines the effects of transactions on an account, with debits on the left and credits on the right.
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