Examlex
Describe the role of the bench technician.
Factory Overhead
Indirect costs associated with manufacturing, including utilities, maintenance, and salaries of supervisors, not directly involved in production.
Adjusting Journal Entry
A journal entry made at the end of an accounting period to record unrecorded income and expenses so that the financial statements are accurate.
Overapplied Overhead
A situation where the allocated manufacturing overhead cost is more than the actual overhead incurred.
Underapplied Overhead
An instance in which the budgeted manufacturing overhead expenses fall short of the real overhead costs experienced.
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