If Actual Manufacturing Overhead Was Greater Than the Amount of Manufacturing

question 166

Short Answer

If actual manufacturing overhead was greater than the amount of manufacturing overhead applied to jobs the Manufacturing Overhead account will have a ___________ balance and overhead is said to be ______________.

Understand the effects of World War I on civilian populations, including in European colonies.

Analyze the diplomatic efforts and proposals made to end World War I and shape the post-war order.

Understand the concept of correlation and its implications in experimental and observational studies.

Comprehend the distinction between descriptive and inferential statistics and their applications.

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Definitions:

Direct Labor-hours

The total hours of labor directly involved in the production of goods or services.

Variable Manufacturing Overhead

comprises manufacturing costs that vary directly with the level of production, such as materials and labor.

Direct Labor-hours

The all-encompassing total of work hours by staff directly partaking in manufacturing roles.

Variable Overhead Efficiency Variance

The difference between the actual variable overhead incurred and the standard cost based on the actual level of activity output.