-A stretch receptor is classified as a
Definitions:
Factory Overhead Account
An account used to accumulate all indirect costs associated with the production process, including indirect labor, materials, and other manufacturing overheads.
Actual Overhead Cost
The real expenses incurred for overhead in a given period, which may differ from budgeted or standard costs.
Overhead Applied
This term refers to the allocation of overhead costs to specific cost objects, such as products or projects, based on a predetermined rate.
Overapplied
A situation where the allocated indirect costs exceed the actual indirect costs incurred.
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