Cost accounting
This query is : Resolved
28 August 2011
what do you understand by nature of fixed overhead under or over absorbed?explain with example..
28 August 2011
Over absorption means the actual overhead incurred is exceeding the standard overhead rate fixed for production
Under absorption means the actual overhead incurred is lower then the standard overhead rate fixed for production
Under absorption means the actual overhead incurred is lower then the standard overhead rate fixed for production
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