Examlex
What are NAFTA,AFTA,and Mercosur?
Manufacturing Overhead
All indirect costs related to manufacturing, such as utilities, maintenance, and depreciation of equipment, not directly tied to the production of goods.
Job-Order Costing
A method of costing that collects costs for each individual job or batch of goods produced, as opposed to process costing.
Overapplied Overhead
A situation where the allocated manufacturing overhead costs are higher than the actual overhead expenses incurred.
Raw Materials
The basic materials from which products are made, which have not yet been processed or used in manufacturing.
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