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Sympathetic stimulation
Overapplied Overhead
A situation where the allocated manufacturing overhead cost is more than the actual overhead cost incurred.
Underapplied Overhead
Occurs when the allocated overhead costs are less than the actual overhead costs incurred.
Job Costing System
A cost accounting system that tracks the expenses of a specific job against its revenue to determine profitability.
Overapplied Overhead
This occurs when the allocated manufacturing overhead cost is more than the actual overhead costs incurred, leading to a variance.
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