When the amount of overhead absorbed is less than the amount of overhead incurred it is known as

Related MCQs

• When the amount of overheads absorbed is less than the amount of overheads actually incurred.
• ……………..is the amount by which the absorbed overheads fall short of the actual amount of overheads incurred.
• …………….is the excess of overheads absorbed over the actual amount of overheads incurred.
• The excess of overheads absorbed over the actual amount of overheads incurred is called: -
• In an integrated accounting system the accounting entries for factory overhead absorbed would be :
• In case the amount of under or over absorbed overheads is significant, this rate is calculated to adjust the amount in the cost.
• When factory overhead control account has an ending debit balance, factory overhead was………………
• Certain overhead costs cannot be directly charged to a department or cost centres. The process of distribution of such overhead costs to various departments is called
• When the under or over absorbed amount is quite negligible, it is transferred to
• Expenses incurred during production other than direct materials and direct labour are called…………..factory expenses; those charged to production on estimated basis are called …………….