Examlex
Define the following terms: Justinian
Unfavorable
A term describing outcomes that are worse than expected or budgeted, often used in financial and operational analysis.
Favorable
A term used in financial analysis to indicate that actual performance is better than expected or budgeted performance.
Overapplied
A situation where the overhead applied to products is greater than the actual overhead incurred.
Underapplied
Refers to a situation where the actual manufacturing overhead costs are higher than the overhead costs allocated to products during a specific period.
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