Over-applied Overhead Definition
Over-applied Overhead Definition:
Over-applied overhead is a credit balance in the Manufacturing Overhead account that arises when the amount of overhead cost applied to Work in Process is greater than the amount of overhead cost actually incurred during a period.
Other Related Accounting Articles:
- Under-Applied Overhead Definition
- Job Order Costing Questions and Answers
- Cost Accounting Procedure for Defective Work
- Overhead Application Definition
- Manufacturing Overhead Budget Definition
- Flow of Costs
- Explaining Assets in terms of Accounting
- Theory of Constraints
- Ending Work in Process
- Joint Product Cost Definition
Or
Download E accounting book in MS-word format for just 20 $ - Click here to Download