Examlex
What is political risk? Give an example of how political risk can affect an MNC.
Overhead
Expenses related to the day-to-day running of a business that are not directly linked to the production of goods or services, such as rent and utilities.
Underapplied
A term used in accounting to describe a situation where the allocated manufacturing overhead is less than the actual overhead incurred.
Overapplied
Refers to a situation where the amount of overhead cost allocated to products or services is more than the actual overhead cost incurred.
Manufacturing Overhead Applied
The amount of manufacturing overhead costs allocated to each unit of product based on a predetermined overhead rate.
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