The term used by manufacturers to indicate that the manufacturing overhead applied or assigned to its production is greater than the amount actually incurred.
The term used by manufacturers to indicate that the manufacturing overhead applied or assigned to its production is greater than the amount actually incurred.
What is meant by overabsorbed? Overabsorbed is usually used in the context of a manufacturer’s production overhead costs. Since manufacturing overhead costs are not directly traceable to products, they need to be...
What do overabsorbed and underabsorbed mean? Definition of Overabsorbed and Underabsorbed In cost accounting, overabsorbed and underabsorbed pertain to a manufacturer’s manufacturing overhead costs. The manufacturing...
(and the costs are as planned) the fixed manufacturing overhead will be underabsorbed. When the actual volume exceeds the planned volume (and the costs are as planned) the fixed manufacturing overhead will be...
costs are assigned. good output This is the acceptable production output to which manufacturing costs are assigned. Mark as wrong Mark as right overapplied overhead (or) overabsorbed overhead This is the result of...
the actual manufacturing overhead costs are greater than the manufacturing overhead costs that have been applied to products, the manufacturing overhead has been __________. Select... overabsorbed overapplied...
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