Examlex
Which of the following is not a guideline for increasing the efficiency of manual jobs?
Overapplication of Overhead
A situation where the allocated overhead costs exceed the actual overhead costs incurred.
Machine Hours
Machine hours denote the total amount of time a machine is operated within a specific period, used for costing and operational efficiency measures.
Overhead Applied
Overhead applied is an accounting term referring to the allocation of indirect costs to the production of goods or services, based on a predetermined rate.
Overapplication of Overhead
The situation where the allocated manufacturing overhead costs exceed the actual overhead costs incurred during a period.
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