Examlex
To study interaction between prison guards and inmates, a sociologist lived at a prison for several months. Only the warden and a few other administrators knew he had not been convicted of a crime. This is an example of
Adjusted Cost of Goods Sold
The cost of goods sold figure that has been adjusted for any changes in inventory levels, ensuring it reflects the cost of goods actually sold during the period.
Underapplied Manufacturing Overhead
An occurrence where the overhead expenses budgeted for manufacturing fall short of the overhead costs that were truly incurred.
Allocation
The process of assigning indirect costs to specific cost objects, such as products or departments.
Journal Entry
A record in accounting that logs a transaction and shows the affected accounts in debit and credit form.
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