Examlex
______________ is the systematic study of how biology affects social behavior and asserts that nature is a major factor.
Profit
The financial gain realized when the amount of revenue gained exceeds the expenses, costs, and taxes needed to sustain the operation.
Factory Overhead
Factory overhead encompasses all indirect costs associated with manufacturing, such as utilities, maintenance, and management salaries, not directly tied to the production of goods.
Machine Hours
A measure of the total time that a machine or set of machines has been operating, often used to allocate factory overhead costs.
Underapplied
In costing, this term refers to a situation where the overhead allocated to products or services is less than the actual overhead incurred.
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