Examlex
What local signs predict the approach of a low-pressure centre or a weather front?
Direct Materials
Raw materials that are directly traceable and attributable to the manufacturing process of a product.
Overhead Application Rate
The overhead application rate is a calculated rate used to apply or allocate overhead costs to individual units of production, based on a specific formula, such as machine hours or labor hours.
Overapplied Overhead
A scenario in which the overhead cost assigned to manufacturing exceeds the actual overhead expenses incurred.
Underapplied Overhead
Occurs when the allocated manufacturing overhead cost is less than the actual overhead cost incurred.
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