Fixed Manufacturing Overhead Cost Deferred in Inventory Definition:

The portion of the fixed manufacturing overhead cost of a period that goes into inventory under the absorption costing method as a result of production exceeding sales. Also see: Fixed manufacturing overhead cost released from inventory

Other Related Accounting Articles:

• Fixed Manufacturing Overhead Cost Released From 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
• Deferred Compensation
• Flow of Costs
• Accounting for Manufacturing Businesses
• Manufacturing Overhead Budget Definition
• Similarities between Job Order and Process Costing System