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T-Accounts
A basic accounting tool used to visualize the effects of transactions on accounts, showing debits on the left and credits on the right.
Manufacturing Overhead Applied
A method of allocating indirect manufacturing costs to products based on a predetermined rate or base.
T-Accounts
A visual representation of individual accounts in double-entry bookkeeping, resembling a 'T' by dividing the page into two parts to track debits and credits.
Manufacturing Overhead
All indirect costs related to manufacturing, such as utilities, maintenance, and depreciation of equipment, not directly tied to the production of goods.
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