Examlex
The thick ascending limb of the nephron loop (loop of Henle) is almost impermeable to water,but reabsorbs sodium,potassium,and chloride ions from the filtrate.
Underapplied Overhead
The situation where the allocated overhead costs are less than the actual overhead incurred.
Proration
The method of allocating proportions of expenses or incomes across different departments, products, or periods.
Process Costing
An accounting methodology used for homogenous products, which assigns costs to each production unit based on processes or departments.
Petroleum Refining
The industrial process of transforming crude oil into useful products such as fuel, lubricants, and petrochemicals.
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