Examlex
Define the following terms
-sampling interval
Material Amount
Refers to a sum or quantity of materials that is considered significant or substantial in size or value.
Underapplied Overhead
A situation where the allocated manufacturing overhead is less than the actual overhead incurred.
Factory Overhead
All indirect costs associated with manufacturing, including utilities, maintenance, and salaries of administrative personnel within a factory, but not directly tied to specific units of production.
Overcosted
A situation where the allocated cost of a product or service is greater than the actual cost incurred, leading to potential mispricing or profit loss.