8 2 Under- or Over-Applied Overhead Financial and Managerial Accounting
However, that is challenging without knowing the actual overheads as they occur later. Say a company allocates overhead to its goods based on an already specified standard overhead rate of $15 per hour of machine time used. If too much overhead has been applied to the jobs, we say that overhead is overapplied. Adam received his master's in economics from The New School for Social Research and his Ph.D. from the […]