Examlex
Explain what a service level agreement is.
Overapplied
A situation in cost accounting where the allocated overhead costs exceed the actual overhead costs.
Finished Goods Inventory
The stock of completed products that are ready to be sold.
Underapplied
Describes the situation where the allocated manufacturing overhead is less than the actual manufacturing overhead incurred.
Overapplied
A situation in which the allocated manufacturing overhead cost is more than the actual overhead cost incurred.
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