Examlex
To bleed air from a power steering system with the engine running:
Overapplied
A condition in cost accounting where the allocated overhead for a period exceeds the actual overhead expenses incurred.
Underapplied
A situation where the allocated manufacturing overhead cost is less than the actual overhead incurred, leading to a discrepancy in accounting records.
Overapplied
refers to a situation where the allocated overhead costs exceed the actual overhead costs incurred.
Manufacturing Overhead
All indirect costs associated with manufacturing, excluding direct materials and direct labor, such as maintenance and utilities.
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