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Factory Overhead
The indirect costs of manufacturing, such as salaries of quality control personnel and depreciation of factory equipment.
Underapplied Overhead
Underapplied overhead occurs when the actual manufacturing overhead costs exceed the applied overhead costs allocated during a specific period.
Applied Overhead
The estimated amount of overhead cost assigned to a specific job or department based on predetermined rates.
Actual Overhead
The real, incurred costs of running a production or service operation, excluding direct labor and direct materials.
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