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If companies from foreign countries build and operate factories in China,then China's productivity
Underapplied Manufacturing Overhead
A situation where the actual manufacturing overhead costs exceed the applied (or allocated) manufacturing overhead costs.
Allocation
Allocation refers to the process of distributing resources, costs, or revenues among various accounts or departments within an organization based on predetermined criteria.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold in a company, including materials, labor, and manufacturing overhead.
Cost of Goods Available
The total cost of inventory that is available for sale at the beginning of a period, including purchases made during that period.
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