Unrealised Gain
An unrealised gain is the increase in value of an asset that hasn’t yet been sold. It reflects a paper profit, not actual cash flow. For example, stocks that have risen in value but are still held are considered unrealised gains until they are sold and the gain is realised.
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Under-absorption of Overheads
Under-absorption of overheads happens when the allocated overheads to products or jobs are less than the actual overheads incurred. It…
Unfavourable Variance
An unfavourable variance occurs when actual costs exceed budgeted or standard costs, or when actual revenue falls short of expectations.…
Utility Expense
Utility expense represents the cost of services such as electricity, water, gas, and internet used in business operations. It is…
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