Examlex
On an ordinary graph, unit times for a learning curve decrease at a decreasing rate, but on a log-log graph, the learning "curve" appears as a straight line.
Underapplied
A situation where the allocated amount of manufacturing overhead costs is less than the actual overhead costs incurred.
Manufacturing Overhead
Costs related to the manufacturing process but not directly traceable to specific units produced, such as utility costs and salaries of maintenance personnel.
Overhead Variances
Differences between the estimated and actual overhead costs in manufacturing or business operations.
Fixed Manufacturing Overhead
The portion of manufacturing overhead costs that remains constant regardless of the level of production, such as depreciation of equipment and salary of supervisors.
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