Examlex
People with an internal locus of control are easier to motivate because they believe the rewards are the result of their behavior.
Manufacturing Overhead Rate
The ratio of manufacturing overhead costs to the base activity, used to allocate overhead costs to produced goods.
Machine Hours
A measure of production output or operation, calculated as the total number of hours that machinery is in use.
Overapplied Overhead
A situation in managerial accounting where the allocated manufacturing overhead costs are more than the actual overhead incurred.
Underapplied Overhead
A condition where the allocated manufacturing overhead cost is less than the actual overhead cost incurred, resulting in a discrepancy needing adjustment in financial statements.
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