Examlex
Locke says, "What is it determines the will? The true and proper answer is, intuition. For that which determines the general power of directing, to this or that particular direction, is nothing but the agent itself exercising the power it has that particular way."
Overapplied
Refers to a situation where the amount of overhead allocated to products or jobs is more than the actual overhead incurred.
Underapplied
Underapplied refers to a situation where the allocated costs are less than the actual costs incurred, often relating to overhead in manufacturing.
Direct Labor-Hours
A measure of the amount of time workers spend on production, often used as a basis for allocating overhead costs in traditional costing systems.
Applies Overhead
Refers to the method by which manufacturing overhead costs are assigned to products or job orders based on a predetermined rate or basis.
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