Examlex
A symbolic interactionist frame of reference assumes that the same concepts and principles that apply to lower animals apply to humans.
Underapplied
A situation where the assigned manufacturing overhead expenses fall short of the real overhead costs that have been spent.
Standard Labor-Hours
The predetermined amount of labor-hours expected to be required to produce a unit of product or perform a task.
Actual Output
The real production volume or amount of work done, as opposed to planned or theoretical outputs.
Manufacturing Overhead
Costs that are incurred in the manufacturing process other than direct materials and direct labor, such as utilities, depreciation, and maintenance of equipment.
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