A socialist economy directly creates goods and services for use as opposed to a capitalist economy, which produces goods and services to make a profit. Production would only be used for use under a socialist system.
Money would still exist under socialism, but its uses would be more limited. You would be paid for your work, and you could spend that money on anything you wanted, such as video games, cars, or food.
Businesses and workplaces would not, however, be for sale because they are regarded as the common property of the public.
Although socialism has called for the sharing or collective ownership of the means of production, this does not entail that private property ownership is forbidden. As a result, everyone in society would have access to enterprises and factories, but individuals and households would still own their own personal property.
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What is a command economy socialism?
A command economy would be the polar opposite of capitalism as a form of economic organization. A command economy might also exist in a socialist system, where the government controls important enterprises and closely plans the economic development of a nation's industries rather than allowing for private ownership and free markets as in capitalism.
On the range of economic systems, the command economy and capitalism are on different ends. Every aspect of life exhibits disparities, including who is in charge, the type and volume of production, market control, decision-making, etc. The types of political regimes in which these two economic systems are found also differ.
A communist society's command economy is a common economic structure. It should be able to produce enough to meet the market's requirements since it is intended to be self-sufficient. The government is in charge of managing every business, deciding what will be produced, how much will be produced, and who will make the decisions.
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What does agile stand for?
An agile company is one that is "fast-moving, adaptive, and strong corporation capable of rapid reactivity to unforeseen issues, events, and opportunities," according to the Business Dictionary.
Being ability to inspect and adapt broadly is the main focus of enterprise agile. It involves making little wagers when operating at the executive level. It involves being able to integrate the business's sales and marketing activities with your capacity to create useful products and then sustainably support those items. A company that is agile has a structure, set of procedures, and capabilities that enable employees to react quickly to changing conditions.
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Which 3 Management Reports Does your client have access to in their QuickBooks Online account?
The 3 Management Reports a client must have access to in their QuickBooks Online account is Cover page, Executive summary and financial notes.
Whether it's a company, a nonprofit, or a government agency, management is the administration of the institution. It is both the science and the art of managing a company's resources.
Setting an organization's strategy and directing employee efforts to achieve goals through the use of available resources, such as financial, natural, technological, and human resources, are included in management. The terms "run the business" and "change the business" are used in management to distinguish between continuing to deliver goods or services and tailoring those same goods or services to satisfy shifting client demands.
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in comparison to primary data, secondary data group of answer choices availability guarantees the researcher will do a better job. are always valid even if they are not always reliable. are more time-consuming to gather. are more costly to gather. can be gathered from internal sources as well as external sources.
Some common advantages of primary data are its authenticity, specific nature, and up to date information while secondary data is very cheap and not time-consuming.
What is primary data?Primary data are those that are gathered directly from the data source without going through any pre-existing sources. It is typically gathered specifically for a study endeavor and may be made publicly available for use in other research.
Since it was gathered with the intention of solving a specific study issue, primary data is frequently trustworthy, real, and unbiased. It is interesting that because of the high implementation costs, primary data is not frequently gathered.
The information gathered by businesses during market research, product development, and competition analysis is a typical illustration of primary data. This information is gathered straight from the source, which is typically the current and potential clients.
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a bank receives a demand deposit of $10,000. the bank loans out $5000 of this deposit and increases its excess reserves by $3000. what is the legal reserve requirement?
A bank receives a demand deposit of $10,000.
What is demand deposit?A demand deposit account (DDA) is a bank account that allows unannounced withdrawals of deposited funds at any time. DDA accounts have the option, but not the obligation, to pay interest on the deposited funds. Savings and checking accounts are typical DDA types. It would be very difficult to obtain cash or conduct routine business if depositors had to notify their banks in advance of any withdrawals. Demand deposit accounts are designed to offer readily available funds, the money that people require to make purchases or pay their bills. Money held in demand accounts at commercial banks is known as demand deposits or checkbook money. These account balances are typically regarded as money and make up the majority of a nation's strictly defined money supply.To learn more about demand deposit refer to:
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If a writer sells a magazine the first serial rights to a story she has written, the magazine has the right to?
If a writer sells a magazine the first serial rights to a story she has written, the magazine has the right to be the first to publish. The magazine has the right to be the first to publish the story in serial form, meaning that they can publish it in parts over a period of time.
The writers will also have exclusive rights to the story during the period of time that they have the serial rights. This means that the writer cannot sell the story to another magazine during this time, as they would be in breach of the agreement. The magazine may also have the right to make changes to the story to make it fit their publication better.
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Financial Accounting myBusiness Course Business Course # Return to course Statement of Stockholders' Equity and Balance Sheet The following is balance sheet information for Tuttle Janitorial Service, Inc., at the end of 2019 and 2018: December 31, December 31, 2019 2018 Accounts Payable $6,000 $9,000 Cash 25,000 22,000 Accounts Receivable 39,000 31,000 Land 56,000 46,000 Building, net 250,000 260,000 Equipment, net 44,000 46,000 Mortgage Payable 93,000 88,000 Supplies 18,000 16,000 Common Stock 225,000 225,000 Dividends 12,000 Retained Earnings Q W E R T Y U Business Course Return to Course a. Prepare a balance sheet as of December 31 of each year, TUTTLE JANITORIAL SERVICE, INC. Balance Sheet December 31, December 31, 2019 2018 ASSETS Accounts Receivable Supplies Land Equipment, net Total Assets LIABILITIES Accounts Payable Total Liabilities STOCKHOLDERS' EQUITY Frlock - Q W E R T y Business Course A Return to course TOCNOLDEN QUI Total Stockholders' Equity Cotal Liabilities and Stockholders' Equity $ Prepare a statement fetoclhaldarlaust fan 2010 Uint. TL Financial Accounting myBusiness Course Business Course * Return to course My Subs b. Prepare a statement of stockholders' equity for 2019. (Hint: The increase in retained earnings is equal to net income less dividends.) TUTTLE JANITORIAL SERVICE, INC. Statement of Stockholders' Equity For Year Ended December 31, 2019 CommonStock RetainedEarnings Total Balance, December 31, 2018 Add: Net income for 2019 Less: Dividends for 2019(Enter as negative) Balance, December 31, 2019 Check Previous Save Answers
According to the financial data of company,
The balance sheet of total assets and liabilities & stockholders equity:
On 31 Dec, 2018 is $ 421,000 & on 31 Dec, 2019 is $ 432,000.
What do you mean by the Stockholders equity?Equity held by shareholders refers to the sum that a company's founders have contributed to the enterprise.
This covers the funds they have directly invested as well as the total amount of profits the business has generated and reinvested since its establishment.
For investors, shareholders' equity is a crucial indicator. It is a component of the ROE ratio, which demonstrates how well a company's management is utilizing the capital raised from investors to produce profit.
Therefore, according to the financial data of company,
The balance sheet of total assets and liabilities & stockholders equity:
On 31 Dec, 2018 is $ 421,000 & on 31 Dec, 2019 is $ 432,000.
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Debt securities are ( )to the issuers of those securities.
Debt securities Any debt that may be exchanged between buyers and sellers in the market before it matures is a debt security.
Its structure is akin to a loan from a lender (an investor) to an issuer (the government, an institution, or a business). Knowledge of Debt Securities
Debt securities are tradable financial products, which means that buyers and sellers can exchange them on the open market. They have a face value, maturity date, coupon rate, and issuance date that are all specified. Debt securities ensure principle repayment as well as monthly interest payments. The basic issue size for any public debt securities offering must be at least Rs 100 crores. An underwriter registered with SEBI and in good standing may provide underwriting for a public offering of debt securities.
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When the interests of firms and workers are not identical, it gives rise to ______.
When the interests of firms and workers are not identical, it gives rise to the principal-agent problem.
A corporation, sometimes known as a "co.," is a type of legal body that stands in for a collection of people who are either natural or legal persons or a combination of both. To accomplish definite objectives, the company's members collaborate towards a single aim.
A corporation can be created as a legal body in order to restrict the company's responsibility when members fulfil or fail to fulfil their responsibilities under the incorporation or public disclosure policy. After a company has closed, it could be essential to liquidate it in order to settle any lingering obligations.
The above question is incomplete, the complete question is-
When the interests of firms and workers are not identical, it gives rise to ______.
Multiple choice question.
geographic immobility
the stockholder problem
discrimination
the principal-agent problem
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What does the government not do in a command economy?
Government-owned businesses in a centrally planned economy lack the freedom to close their doors, so they have no incentive to create high-quality goods at reasonable prices.
What exactly is an incentive?something that motivates a person to act: [ C ] Sometimes tax incentives are successful in motivating people that would save money.
What does the word "incentive" signify in business?incentive is a thing, something of value, a desired action, or an occasion that motivates an employee to perform more of whatever the employer wanted them to by way of the incentive they were given.
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in the context of using information technologies for a competitive advantage, a top-line strategy focuses on: a. increasing revenue by selling existing products to new customers. b. refining operations by using latest technologies. c. improving efficiency by reducing overall costs. d. helping different market segments achieve technological advancemen
a. A top-line strategy focuses on increasing revenue by selling existing products to new customers.
This can be done by identifying new customer segments and targeting them with existing products. Companies can also focus on increasing their market share in existing customer segments.
This involves using information technologies such as analytics, segmentation, and personalization to better understand customer needs and develop more effective marketing strategies.
Companies can also use information technologies to increase their efficiency in terms of order processing and delivery and to reduce the cost of customer service. This allows companies to increase their profits while still providing a great service to customers.
By focusing on increasing revenue through existing products, companies can use information technologies to gain a competitive advantage.
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you want to track investment in inventory. recently, your company had $96 invested in inventory, and total assets of $1866. what percentage of its assets does it have invested in inventory? enter your answer as a number between 0 and 100, carry it to two decimal places, and don't type in the % sign. for example, if you calculate 12.34% as your percentage, make sure to enter 12.34. do not enter 0.1234.
You want to track investment in inventory. recently, your company had $96 invested in inventory, and total assets of $1866. 5.14 percentage of its assets it have invested in inventory.
What is investment?
Making an investment entails using money now in the hopes that it will appreciate later. An investment is putting capital to use, such as time, money, effort, etc., with the hope of receiving a larger return than what was initially invested.
Why is investing crucial?
Investing is a successful approach to use your money and possibly increase your fortune. Your money may grow in value and outpace inflation if you make wise investment decisions. The power of compounding and the trade-off between risk and return are the main reasons investment has a higher growth potential.
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producing a one of a kind finished good is characteristic of:
The ability to create a unique completed good is a trait of: project-based manufacturing
Production that is centered on projects or jobs is unique production where only one kind of item is produced at once. For really large projects or for one-off customers, this sort of production is frequently used. It's crucial for the operations manager to keep lines of communication open and frequently with the consumer because their demands and preferences have such a significant impact on the final product. Workers engaged in this form of production are experts in their fields or highly skilled.
Project-based manufacturing examples include the following:
Hairstyles, yachts, and custom house construction.
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A decrease in consumption growth will cause?
A decrease in consumption growth will cause the real GDP growth to decrease
Consumption is the act of using up goods or services by institutional units. Consumption is an important component of the gross domestic product (GDP)
Consumption falls from one period to the next when the consumption growth rate falls.
A decrease in aggregate demand will shift the aggregate demand curve leftward, and a decrease in aggregate demand will shift the aggregate demand curve rightward. This lowers the price level and real GDP.
If consumption growth slows, aggregate demand will fall in the short term.
Consumption would be reduced if the marginal propensity to consume decreased or the savings rate increased.
By all this, we can say that A decrease in consumption growth will cause
the real growth in GDP to decrease
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Customers interacting with omnichannel retailers most desire a(n. ________ experience.
a. unique
b. speedy
c. seamless
d. inexpensive
e. distinctive
Customers interacting with omnichannel retailers most desire a seamless experience.
What is an omnichannel retailer?The practice of engaging customers through such a variety of digital and physical touchpoints is known as omnichannel retail. Information and applications are transferred with clients as they travel between channels. This produces a seamless, on-brand expertise from beginning to end.
A proven marketing strategy that aims to give customers a smooth customer experience whether they are making purchases through phone, computer, phone app, or a physical brick-and-mortar store.
The process is seamless because the stores are set up for customers' convenience. It is nearly identical to the other constructions, hence it lacks any special, quick, affordable, or distinguishing features.
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Did NAFTA improve the economy?
In order to increase commerce, remove obstacles, and lower taxes on imports and exports between Canada, the United States, and Mexico, NAFTA came into effect in 1994.
NAFTA: Did it boost the economy?Increased commerce, economic output, foreign investment, and lower consumer costs were some benefits of NAFTA. When domestic firms moved to Mexico, where wages are cheaper, American jobs were lost, and wages in American manufacturing facilities were also lowered.
What impact has NAFTA had on the economy?Simply put, NAFTA reduced or eliminated import and export duties between the three participating countries, resulting in the creation of a sizable free-trade zone (the U.S, Mexico, and Canada). Overall, commerce between the three nations increased, and real per-capita GDP also improved marginally.
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what are pension liabilities? group of answer choices unreasonable relationships between interest expense and recorded liabilities future liabilities resulting from pension commitments made by a corporation a fund that is established for the payment of retirement benefits by the insurance company liabilities that can be used to fraudulently misstate financial statements by underestimating the probability of occurrence
The pension liabilities are relationships between interest expense and recorded liabilities future liabilities
What is pension liabilities?The term "pension liability" describes the obligation of either a private business or the federal government to pay future pensions. The techniques utilised to create this accounting can differ greatly. A greater obligation than anticipated might either physically put a corporation out of business or render it bankrupt on paper.The whole sum that a corporation will have to pay in pension obligations in the future is not included in the term "pension liabilities." Instead, it describes the discrepancy between that sum and the sum of money set aside by the business to make those payments. Of course, there is always the possibility that the business will have a pension surplus—extra cash on hand.To learn more about pension liabilities refer to:
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What are examples of price floors?
Examples of price floors are minimum wages and agricultural markets.
The lowest permitted price that can be paid in a market for goods, labor, or financial capital is known as a price floor. The minimum wage, which is founded on the normative idea that someone working a full-time job should be able to afford a basic standard of living, is an example of a price floor. The government establishes a minimum salary in some nations as a price floor for labor. This helps to safeguard against exploitation and guarantees that workers receive a set minimum wage for their labor.
Further, to safeguard farmers from low prices that could be brought on by overproduction or changes in the global market, governments may set price floors for specific agricultural commodities, such as wheat or maize. Increasing producers' revenues is the goal in this case.
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Why data is important?
Organizations may create baselines, benchmarks, and targets with the use of good data in order to keep moving ahead. You can discover benchmarks, and set performance targets when data allows you measure.
Why data is important in future?Data is primarily the straightforward facts and figures gathered throughout a company' activities. They may be used to track and measure a variety of internal and external company operations. Even if the data itself may not be highly illuminating, it serves as the foundation for all reporting and is therefore essential to business.Understanding trends and patterns from the vast volumes of data being gathered requires the use of data analytics. It aids in cost savings, audience understanding, future outcomes forecasting, and company performance optimization.By using data, programmes, resources, and interventions may be evaluated more successfully in order to support student, school, and district success.Learn more about data refer to :
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A checking account with $500 is: O more liquid than a person's new car. O less liquid than a checking account with $1000. O equally liquid as a stock share with a $500 value O less liquid than a home with a market value of $250,000.
A checking account with $500 is more liquid than a person's new car.
A trading account is a deposit account held at a bank or other financial institution. It is also known as a checking account, checking account, checking account, demand deposit account or shared project account in credit unions.
It can be consulted frequently and immediately by the account holder, as well as by others the account holder may designate. It is available to account owners "on demand". Various methods of access are available, including cash withdrawals, debit cards, checks and wire transfers. Money in a trading account is considered cash from an economic point of view. They are treated as cash for accounting purposes.
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How can the scrum team maintain the product backlog to maximize its transparency VCE?
To make Product Backlog transparent, the Product Owner works with stakeholders and the crew for an understanding of the value and estimate of the work and then orders the Backlog for maximizing its value.
The enterprise value for the PBIs in the Product Backlog, that helps with Product Backlog prioritization.
How do you make sure transparency of Product Backlog?A product backlog to be transparent, it should lists all features, functions, requirements, enhancements and fixes that represent the changes to be made to the product in future releases and to make them transparent, they have to be visible and accessible to each person on the scrum team.
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Scrum: The Art of Doing Twice the Work in Half the Time is a new book by Sutherland. And thus my crew went on what we dubbed "sprints". We named them such because the term invoked a sense of ferocity. We were going to work out for a little while and then see where we were.
You and your Scrum Team can pick the Sprint length that works best for your team as long as it is one month or less in length. Shorter sprints result in more learning cycles and a shorter risk window. Each Sprint may be thought of as a brief period of labor.
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What was the purpose of the Tennessee Valley Authority How did TVA promoters generate public support?
Answer:
Explanation:
The purpose of the Tennessee Valley Authority was to control flooding, conserve soil, and bring hydroelectric power to the mid-South. TVA promoters generated public support by circulating pictures of soil erosion in parts of the South that were not even in the Tennessee Valley.
What is an example of cognitive bias groupthink?
A type of groupthink is bandwagon prejudice. We have such a cognitive bias which leads us to believe something only because other people do. is a type of cognitive bias known as groupthink.
What exactly is cognitive bias?Cognitive bias is indeed a methodical way of thinking that results from the brain's propensity to simplify processing of information by applying a filter of firsthand opinion or preferences. The filtering procedure is a coping strategy that allows the brain to quickly sort through and process voluminous volumes of information.
What cognitive bias occurs the most frequently?The cognitive prejudice known as confirmation bias is one of the most prevalent. Confirmation bias is the tendency for someone to seek out and interpret information (such as news articles, statistical data, or other people's opinions) that supports an existing idea or assumption.
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A portfolio manager without superior analytical skills should
Determine and quantify the risk preferences of a client.
Minimize transaction costs.
Maintain the specified risk level.
Ensure that the portfolio is completely diversified.
All of the above.
A portfolio manager without superior analytical skills should determine the risk, minimize the costs, maintain the risk, and ensure diversified portfolio. (The answer is all of the above).
Portfolio managers typically work long hours, are goal-oriented, and possess strong analytical abilities. Furthermore, successful portfolio managers must demonstrate initiative and leadership, as well as excellent communication skills, a strong desire to succeed, and the ability to work independently. Portfolio managers are financial professionals who work in the securities industry for wealth management firms, pension funds, foundations, insurance companies, banks, hedge funds, and other organizations. As a result, a portfolio manager must be able to determine and quantify a client's risk preferences, minimize transaction costs, maintain the specified risk level, and ensure that the portfolio is completely diversified.
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What are the effects of increased industrialization?
Increased population, urbanization, and clear stress on the fundamental systems that support life are all results of industrialization, which also brings environmental consequences closer to the tolerance threshold.
Which demographic do you refer to?Any whole group that shares at least one trait is referred to be a population. People do not make up all populations. Populations can include, but are also not limited to, individuals, animals, organizations, structures, buildings, cars, farms, items, or occasions.
What are the many forms of population?A population is a recognized collection of items used for research and data collection. Examples include humans and animals. It consists of a group of inter breedable species that are all interrelated and inhabit the same region.
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What is usually a benefit of using a cloud Infrastructure as a Service IaaS solution in place of a virtual machine in your own data center?
IaaS eliminates the cost of configuring and managing a physical datacenter, which makes it a cost-effective choice for migrating to the cloud. The pay-as-you-go subscription models used by IaaS providers help you reduce hardware costs and maintenance and enable your IT team to focus on core business.
A unique piece of system software known as the BIOS, or basic input/output system, communicates with all of the PC's primary hardware and the operating system. Additionally, it is often kept on a flash memory chip that is located on the motherboard, however occasionally the chip may take the form of a ROM. The BIOS also performs several crucial tasks when we power on the machine. Furthermore, it is not a piece of hardware-specific software. A system software, that is. A unique piece of system software known as the BIOS, or basic input/output system, communicates with all of the PC's primary hardware and the operating system. And it is often kept in the flash memory chip that is located on the motherboard, though occasionally.
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What are the three factors that affect the mortgage payment?
Scores on credit, Location of the home, the cost and size of the loan,
advance payment, period of the loan, and rate of interest.
What three components make up your mortgage payment?Principal, interest, taxes, and insurance, also known as PITI, make up the majority of mortgage payments.
What are the three Cs of a mortgage?An underwriter starts working once they have the aforementioned documents (and potentially a few additional) in hand. The Three C's—Capacity, Credit, and Collateral—are used to classify their findings as they assess credit and payment history, income, and assets that can be used as down payments.
What are the two most widely used terms in mortgages?Although 15 and 30 years are the most typical mortgage durations, some lenders now offer periods of just 8 years.
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The allocation of the cost of a plant asset to expense over its useful life is called:
a. production
b. depreciation
c. amortization
d. depletion
The allocation of the cost of a plant asset to expense over its useful life is called depreciation.
Depreciation is a term used in accounting to describe two distinct aspects of the same concept: first, the actual decrease in the fair value of an asset, such as the value of plant equipment, which decreases each year as it is used and worn out; and second, the allocation on the accounting statement of the initial cost of the assets for the periods of use and depreciation, which follows the matching principle.
Depreciation is the process of reallocating, or "reducing," the cost of a tangible asset (such as equipment) over its useful life. The property's utility. Companies depreciate long-term investments for accounting and tax reasons.
Hence the correct option is B
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The overhead cost variance is calculated as: Multiple Choice
O Standard applied overhead less budgeted overhead.
O Actual overhead incurred less standard overhead applied
O Budgeted overhead less standard overhead applied.
O Actual overhead incurred less mandard applied overhead
O Actas feed cost less budgeted overhead
The correct answer is Standard applied overhead less budgeted overhead.
By deducting the standard overhead imposed from the actual overhead spent over the time, it is possible to compute the variation in overhead costs. The distinction between applied overhead and real overhead is referred to as overhead variance. Only until you are aware of the period's real overhead expenses can you calculate the overhead variance. A fixed rate and a cost driver are used to apply overhead. The difference between actual and budgeted overhead is the overhead controllable variance. Indirect expenses incurred throughout the production process include indirect materials, indirect labor, and other indirect costs. Overapplied (absorbed) overhead is added to cost of goods sold when applied overhead exceeds true overhead cost.
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