Define Commercialization

question 62

Essay

Define commercialization. Explain two important decisions the company must make during this stage.

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Definitions:

Overapplied Factory Overhead

The amount of factory overhead applied in excess of the actual factory overhead costs incurred for production during a period.

Job Order Cost Accounting System

An accounting system that accumulates costs for each individual job or project to determine its profitability.

Service Business

A type of business that provides intangible products or services to customers rather than physical goods.

Materials Costs

The costs associated with the raw materials used in the production of goods or services.