Underapplied Overhead

0.01 sec.

In accounting, an estimate of overhead for a work-in-process product that is less than the overhead actually is. This may happen for any number of reasons. Because underapplied overhead means profits are lower than the records say they should be, it is subtracted from the cost of goods sold at the end of the accounting period. See also: Overapplied 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.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
Overapplied Overhead			Teaching Opportunity: Discussion of overapplied and underapplied overhead and how these amounts are disposed of at the end of the period. Job order costing: a simulation and vehicle for conceptual discussion by Greenberg, Rochelle K.; Schneider, Arnold / Academy of Educational Leadership Journal Any sort of capacity-based cost accounting system virtually ensures that there will be underapplied overhead at the end of any accounting period. Zen accounting: how Japanese Management accounting practice supports ... by Hutchinson, Robert; Liao, Kun / Management Accounting Quarterly			Uncommercial Uncommitted Facility Unconditional Bid Unconditional Vesting Unconfirmed Letter of Credit Unconscionable Unconscionable Bargain Unconsolidated Subsidiary Uncovered Call Uncovered Call Writing Uncovered Interest Arbitrage Uncovered Option Uncovered Options Uncovered Put Uncovered Put Writing Uncreditworthy Undated Security Undeliverable Billing Document Undeliverable-As-Addressed Under Reporting Under the Belt Under the Counter Under the Table Under-Allowance Underage Underapplied Overhead Underbanked Underbooked Undercapitalized Undercharge Underclass Undercolor Removal Underconsumption underdepreciation Underemployed Underemployment Underfunded Underfunded Pension Plan Underground Storage Insurance underground storage tank Underhand underimprovement Underinsurance Underinsured Underinsured Motorist Coverage Limits Trigger Underinsured Motorist Coverage Modified Limits Trigger Underinsured Motorist Endorsement Underinvestment Problem Underinvoicing Underleveraged Underlying			Underactor underacts Underactve Superior Obliques underage underage underage underage Underage child Underage child Underage child Underage child Underage Drinking and Driving Underage Drinking Prevention Program Underage Drinking Task Force Underage Drinking Taskforce Underage driver underage person underage sales of alcohol Underage sex Underage sex Underage sex Underage sex Underage User Alert underaged underaged underaged underaged Underagent Underaid Underallowance Underapplied Overhead underarm underarm underarm Underarm Brace Underarm Dingle-Dangle Underarms Underarms Underback Underbanked underbead crack Underbear Underbearer underbed underbellies underbellies underbelly underbelly underbid underbid underbidder underbidder underbidders underbidders underbidding underbidding underbids underbids Underbind underbite underbite

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.