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Over costing means charging more costs to items than it's actual cost while under costing means charging less cost then actual costs.
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∙ 9y ago
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Why does over costing and under costing occur with traditional costing system?
Over costing and under costing occurs because overhead cost is applied first using some ratio to find out the cost of product before the process of production done and actual cost found.
What are the advantages of process costing over job costing?
I have no clue, please help
What is the difference between a credit memorandum and a debit memorandum?
A Debit Memo is a over payment A Credit Memo is a over payment
What is the difference between take over and acquisition?
They both mean the same.
If actual overhead for the year is 33451 and applied overhead is 32000 is the overhead variance over applied or under applied assuming the amount is immaterial how would you dispose of the variance?
Difference between actual overhead and applied overhead is as follows: Difference = 33451 - 32000 = 1450 Difference of variance will be charged to income statement.
Why does over costing and under costing occur with traditional costing system?
Over costing and under costing occurs because overhead cost is applied first using some ratio to find out the cost of product before the process of production done and actual cost found.
What are the difference in stem positions when notes are placed on the third over the third or under the third lines of the staff?
the difference between the third and over the third or under the third line is that they are difference
What is the difference between an electrical surge and a brownout?
A surge is an over voltage and over current situation and a brownout is an under voltage situation.
What is the difference between an acid and an alkali?
an acid has a pH under 7 an alkali has a pH over 7
What is the difference between the base words super and sub?
Think of 'super' as over or above and 'sub' as under or below.
What are the advantages of process costing over job costing?
I have no clue, please help
What is the difference between under driven and over driven superchargers r?
Over driven blowers are geared to spin higher rpm then the motors actual rpm. Vise versa for Under driven.
What is difference between synchronous motor and synchronous condenser?
a synchronous condenser is over excited synchronous motor under no load
What is the difference between a baseball pitch and softball pitch?
Baseball is a over-handed pitch. Softball is a under-handed pitch
What is the difference between an overpass and An underpass?
An overpass goes over another road, but an underpass goes under another road.
How can the type of bond be predicted?
Ionic bond: the difference between electronegativities of the atoms is over 2.Covalent polar bond: the difference between electronegativities of the atoms is under 2.Covalent non-polar bond: the difference between electronegativities of the atoms is cca. zero
What are the difference between adult and infant?
an adult is over 18 old, an infant is under 2 years
