Fixed Manufacturing Overhead Cost Released From Inventory Definition
Fixed Manufacturing Overhead Cost Released From Inventory Definition:
The portion of the fixed manufacturing overhead cost of a prior period that becomes an expense of the current period under the absorption costing method as a result of sales exceeding production.
Other Related Accounting Articles:
- Fixed Manufacturing Overhead Cost Deferred in Inventory Definition
- Account Analysis Definition
- Impact of Just In Time (JIT) Inventory Methods on Variable and Absorption Costing System
- Marginal Costing Definition
- Full Costing Definition
- Equivalent Units of Production
- How to Account Warranties
- Flow of Costs
- Manufacturing Overhead Budget Definition
- Accounting for Manufacturing Businesses
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