UNDER-APPLIED FACTORY OVERHEAD Definition

Bookmark and Share

UNDER-APPLIED FACTORY OVERHEAD is the amount of residual factory overhead that remains once all known overhead allocations are assigned to the applicable products. See also UNABSORBED COSTS.

Learn new Accounting Terms

P&L see PROFIT AND LOSS STATEMENT.

ACTIVITY BASED MANAGEMENT (ABM) converts Activity Based Costing (ABC) into a system to manage an organization. Activity Based Management not only focuses on product, service, customer, channel costing, it also emphasizes: cost drivers (root cause analysis), action plans to improve to achieve strategic objectives, and, performance measures for activities and processes.

Suggest a Term

Enter Search Term

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