Examlex
The tangible and intangible features of a product are sometimes referred to as _____.
Indirect Materials
Materials used in the production process that are not directly traceable to individual products or are not cost-effective to trace, such as lubricants and cleaning supplies.
Manufacturing Overhead
All indirect costs associated with the production process, such as utilities and maintenance expenses.
Overapplied
A term used when the estimated costs, such as overhead, allocated to a product or project exceed the actual costs incurred.
Manufacturing Overhead Applied
The allocation of manufacturing overhead costs to individual units of product based on a predetermined rate or method.
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