Examlex
Match the term with the definition. Some answers may be used twice.
-The relative ability of a substance to transmit free electrons or electricity
Manufacturing Overhead
Refers to all indirect costs associated with manufacturing a product, including costs related to factory equipment maintenance, utilities, and quality control.
Debit Side
The left side of an account in double-entry bookkeeping, used to record increases in assets, expenses, and losses or decreases in liabilities, equity, and revenue.
Overapplied Overhead
Occurs when the overhead allocated to products or services exceeds the actual overhead costs incurred.
Australian Accounting Standards
The set of principles and requirements that guide financial reporting and accounting practices in Australia, ensuring consistency and transparency.
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