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The term used by manufacturers to indicate that its manufacturing overhead applied or assigned to its output is less than the amount actually incurred.

What do overabsorbed and underabsorbed mean? Author: Harold Averkamp, CPA, MBA Definition of Overabsorbed and Underabsorbed In cost accounting, overabsorbed and underabsorbed pertain to a manufacturer’s manufacturing...

statements? Why do manufacturers use standard costs? What does the direct labor efficiency variance tell us? What do overabsorbed and underabsorbed mean? What is the production volume variance? What is a BOM? What...

volume is less than the planned volume (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...

period costs? Why is manufacturing overhead allocated to products? What do overabsorbed and underabsorbed mean? Are insurance premiums a fixed cost? What is an indirect cost? What causes an unfavorable fixed overhead...

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