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A project that has a form specified as a parent can also have forms that are child forms and forms that operate independently.
Manufacturing Overhead Account
An accounting term that aggregates all indirect costs associated with manufacturing a product.
Adjusting
The process of making modifications to certain accounts through adjusting entries to reflect the true financial status of a business at the end of an accounting period.
Work in Process Inventory
This refers to the materials, labor, and overhead costs for products that are in the production process but not yet completed.
Overapplied Overhead
A situation where the allocated manufacturing overhead cost is more than the actual overhead incurred.
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