Examlex
A high value for the times interest earned ratio means that a company is a lower risk borrower.
Direct Labor-Hours
Cumulative hours employees commit to the process of manufacturing.
Underapplied Overhead
A scenario where the estimated overhead costs allocated are less than the actual overhead costs incurred during production.
Direct Labor-Hours
The total hours of labor actually worked by employees directly involved in manufacturing a product.
Overapplied Overhead
The condition where the overhead applied to products or services exceeds the actual overhead costs incurred.
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