Examlex
Stocks have been tracked for years.What has been the average annual return for stocks since 1926?
Underapplied
Describes a situation in cost accounting when the allocated manufacturing overhead costs are less than the actual overhead incurred, leading to a discrepancy that needs adjustment.
Job-Order Costing System
A costing system used to accumulate and assign costs to custom orders, projects, or jobs, typically in manufacturing or services.
Overapplied
When the overhead cost allocated to products exceeds the actual overhead costs incurred, requiring adjustment.
Underapplied
A situation where the actual manufacturing overhead costs are higher than the amount allocated to products.
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