Examlex
What is an MSDS?
Underapplied Overhead
A debit balance in the Manufacturing Overhead account that occurs when the amount of overhead cost actually incurred exceeds the amount of overhead cost applied to Work in Process during a period.
Batch Setup
The process and costs associated with preparing equipment and operations for producing a set quantity of goods.
Manufacturing Overhead
All indirect factory-related costs incurred during the production process, excluding direct materials and direct labor costs.
Direct Labour-Hours
The total amount of time workers spend directly manufacturing a product or providing a service.
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