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Overhead-Applied Account
Refers to an account where the applied (estimated) manufacturing overhead costs are accumulated.
Application of Overhead
The application of overhead involves allocating manufacturing overhead costs to produced goods based on a predetermined formula or rate.
Manufacturing Overhead Costs
Indirect costs related to manufacturing that cannot be directly attributed to specific products, including costs such as factory rent and utilities.
Machine Hours
A measure of the operating time of machines or equipment, used in allocating manufacturing costs based on usage.
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