UNDERABSORBED OVERHEAD Definition

Bookmark and Share

UNDERABSORBED OVERHEAD is where total overhead has not been fully allocated to products sold or services offered. Such a condition can result in an understatement of COGS or cost of sales.

Learn new Accounting Terms

CURRENT MATURITIES-L/T/D is that portion of long term obligations which is due within the next fiscal year.

PROPRIERTORSHIP see SOLE PROPRIERTORSHIP.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.