Examlex
Which method of testing for battery state of charge (SOC) can be used on maintenance-free batteries?
Predetermined Overhead Rate
An estimated rate used to allocate manufacturing overhead costs to individual units of production based on a certain activity base.
Machine Hours
A measure of the amount of time a machine is run during a specific period, often used as a basis for allocating manufacturing overhead.
Overapplied
Overapplied refers to a situation where the overhead allocated to products or services exceeds the actual overhead costs incurred, usually in manufacturing settings.
Underapplied
A term often used in accounting to refer to a situation where the allocated costs are less than the actual costs incurred.
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