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Overapplied Overhead |
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Overapplied Overhead In accounting, a record of the overhead for a work-in-process product that is greater than the overhead actually is. This may happen for any number of reasons. Because overapplied overhead means profits are higher than the records say they should be, it is added to a company's profit at the end of the accounting period. It is also called overabsorbed overhead. See also: Underapplied overhead. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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