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Administrative Expenses
Expenses related to the general operations of a business, such as salaries of executive personnel, accounting, and human resources.
Overapplied Overhead
The situation where the allocated manufacturing overhead cost is more than the actual overhead incurred.
Cost Ledger
A ledger that keeps detailed records of the costs associated with production or acquiring inventory.
Cost of Goods Sold
The direct costs attributable to goods produced and sold, including materials, labor, and manufacturing expenses.
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