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These Cannot Be Sold Until Certain Conditions Are Met,most Often

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These cannot be sold until certain conditions are met,most often the lapse of a time period or meeting a performance goal.


Definitions:

Overhead Applied

The portion of estimated overhead costs allocated to individual products or job orders based on a predetermined rate.

Estimated Overhead Cost

The projected amount of indirect costs expected to be incurred during a specific period, including manufacturing or business expenses that are not directly attributable to a product or service.

Expected Activity

Expected Activity refers to the anticipated level of operation or production based on forecasts or historical data.

Actual Activity

A measure of the real amount of work performed or production completed in a specific period.

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