GLOSSARY of Costing & Management Accounting Terms-Alphabet O
July 26th, 2007
/
| RETURN TO GLOSSARY INDEX | |
|
|
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. |
Leave a comment