GLOSSARY of Costing & Management Accounting Terms-Alphabet O

July 26th, 2007 Comments off
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RETURN TO GLOSSARY INDEX
Opportunity cost The benefit foregone or lost when an alternative is rejected
Over absorbed overhead The amount of overhead absorbed exceeds the amount of overhead incurred.
Overhead The total cost of indirect material, indirect labor and indirect expenses
Overtime premium Extra pay to workers for overtime work.

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Financial Accounting

 
 

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