Examlex
Which of the following statements is not true?
Cost of Goods Sold
The immediate expenses linked to the manufacture of goods a company sells, which covers both materials and workforce.
Material
Substances or components that are used in the production or manufacturing of goods.
Underapplied Overhead
Happens when the overhead costs assigned to manufacturing are lower than the overhead expenses that were actually incurred.
Actual Overhead
Actual overhead refers to the direct costs actually incurred by a business for operations, including utilities, rent, and maintenance expenses.
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