Examlex
Transferring title refers to a:
Manufacturing Overhead Applied
The amount of manufacturing overhead costs allocated to each unit of product based on a predetermined overhead rate.
Overapplied
This term relates to a situation where the allocated costs in accounting exceed the actual indirect costs.
Underapplied
A situation where the allocated overhead cost is less than the actual overhead cost incurred.
Work in Process Account
An account used in accounting to track the costs associated with the production of goods that are not yet complete.
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