Manufacturing overhead allocated
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Manufacturing overhead allocated is amount of manufacturing overhead costs allocated to individual jobs, products, or services based on the budgeted rate multiplied by the actual quantity used of the cost-allocation base. Also called manufacturing overhead applied.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Manufacturing overhead allocated. Amount of manufacturing overhead costs allocated to individual jobs, products, or services based on the budgeted rate multiplied by the actual quantity used of the cost-allocation base. Also called manufacturing overhead applied.
