The Excess of Actual Overhead Over the Overhead Applied to Products

question 136

Multiple Choice

The excess of actual overhead over the overhead applied to products is called:

• A) overapplied overhead
• B) overestimated overhead
• C) prorated overhead
• D) underapplied overhead

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Definitions:

Injection Molding

A method for fabricating parts by injecting liquid material into a mold.

Out Of Control

A term used in process monitoring to describe when a process is beyond its control limits, indicating instability or unpredictability.

Center Line

In statistical process control, a line on a control chart that represents the average or expected value around which data points vary.

Standard Deviation

An indicator of the range or spread of values in a dataset, showing how much they diverge from the average value.