Define the Following Terms

question 41

Short Answer

Define the following terms
-purposive sampling

---

Definitions:

Overapplied

In cost accounting, refers to a situation where the allocated amount of an indirect cost exceeds the actual incurred cost.

Underapplied

A situation where the allocated costs are less than the actual costs incurred, often in the context of manufacturing overhead.

Underapplied Overhead

A situation where the allocated manufacturing overhead for a period is less than the actual overhead incurred, leading to underestimating product costs.

Overapplied Overhead

A situation where the allocated manufacturing overhead costs exceed the actual overhead costs incurred.