Examlex
Katie's overdraft fee is five dollars with a interest rate 21 percent.When she wrote a cheque that put her account in a $5000 overdrawn position for two weeks,she still saved money compared with a $40 NSF fee.
Overapplied
A situation where the allocated overhead cost in a costing system exceeds the actual overhead costs incurred.
Underapplied
A situation where the applied cost in accounting is less than the actual cost incurred.
Cost of Goods Sold
The expenses directly related to the manufacturing of products sold by a business, encompassing both the cost of materials and labor specifically utilized in the production of those goods.
Employee Time Ticket
A document that records the amount of time an employee has worked on various tasks.
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