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Overapplied Overhead
When the allocated manufacturing overhead cost exceeds the actual overhead incurred, resulting in a surplus in the cost coverage.
Activity Cost Pools
Aggregations of all the costs associated with particular activities, used in activity-based costing.
Expected Activity
The anticipated level of operations or output, often used in budgeting and planning.
Predetermined Overhead Rate
A calculated estimate used for allocating overhead costs to products or services, based on an established measure such as labor hours or machine usage, facilitating budgeting and financial planning.
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