Examlex
If the federal funds rate were below the level the Federal Reserve had targeted, the Fed could move the rate back towards its target by
Applied to Production
Costs that are allocated or assigned to goods that are being produced, often involving direct labor, materials, and overhead.
Overapplied
Refers to a situation where the amount of overhead allocated to products or jobs is more than the actual overhead incurred.
Underapplied
Underapplied refers to a situation where the allocated costs are less than the actual costs incurred, often relating to overhead in manufacturing.
Direct Labor-Hours
A measure of the amount of time workers spend on production, often used as a basis for allocating overhead costs in traditional costing systems.
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