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In judging normality, the most common source of bias is probably
Overapplied Overhead
A situation where the overhead allocated to products or services exceeds the actual overhead costs incurred.
Cost Accounting System
A method of accounting for the collection, recording, classification, analysis, and allocation of direct costs, indirect costs, and overheads to cost units and cost centres for budgeting, controlling, and decision making.
General Accounting System
The underlying system and processes used to record, classify, and report on financial transactions and conditions, ensuring accuracy and compliance with regulations.
Manufacturing Company
A type of business that produces finished goods from raw materials through the use of labor, machinery, and equipment, oftentimes in a systematic and standardized process.
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