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Early modern society was structured according to "orders" or "estates" rather than socio-economic class. What is an estate and how does it differ from social class?
Manufacturing Overhead
All indirect costs related to the manufacturing process, such as indirect labor, maintenance, and utilities, that cannot be directly traced to specific products.
Job Cost Sheets
Detailed records that document the costs associated with a specific job or project.
Overapplied Overhead
A credit balance in the Manufacturing Overhead account that occurs when the amount of overhead cost applied to Work in Process exceeds the amount of overhead cost actually incurred during a period.
Underapplied Overhead
A debit balance in the Manufacturing Overhead account that occurs when the amount of overhead cost actually incurred exceeds the amount of overhead cost applied to Work in Process during a period.
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