OVERHEAD BUDGET Definition

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OVERHEAD BUDGET shows the expected cost of all production costs other than direct materials and direct labor. Budgeted variable overhead costs are based on a budgeted variable overhead rate multiplied by budgeted activity. Budgeted fixed overhead costs remain unchanged as the activity level changes within the relevant range. See OPERATING BUDGET.

Learn new Accounting Terms

PEGBOARD SYSTEM see ONE-WRITE SYSTEM.

MR see MEMORANDUM FOR RECORD.

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