Manufacturing overhead referred to as factory overhead, Accounting, Basic Statistics

Manufacturing overhead referred to as factory burden, factory overhead, and manufacturing support costs refers to indirect factory related costs which are incurred when a product is manufactured. Along with these costs such as direct material & direct labor, the cost of manufacturing overhead must be assigned to each unit produced so that Inventory & Cost of Goods Sold are valued & reported according to generally accepted accounting principles (GAAP).Manufacturing overhead involves such things as the electricity used to depreciation on the factory equipment and building; operate the factory equipment, factory supplies & factory personnel. How these costs are assigned or operated to products has an impact on the measurement of an individual product''s profitability
Posted Date: 1/30/2012 9:40:07 AM | Location : United States







Related Discussions:- Manufacturing overhead referred to as factory overhead, Accounting, Assignment Help, Ask Question on Manufacturing overhead referred to as factory overhead, Accounting, Get Answer, Expert's Help, Manufacturing overhead referred to as factory overhead, Accounting Discussions

Write discussion on Manufacturing overhead referred to as factory overhead, Accounting
Your posts are moderated
Related Questions
CBT has agreed to finance the needs of a stereo wholesaler for the next month. To complete the loan agreement, the wholesaler must estimate the cash on hand during the first 90 day

Advanced Equipment leased equipment to Richards Chemical, Inc. on 9/30/11. Advanced purchased the machine from Makers, Inc. at a cost of $6M. The 5-yr lease agreement calls for R

A basis used in processing the quantity of advantages to be created regularly to a finance or consideration so that the complete advantages plus the complicated income thereon will

The National Center for Health Statistics recently released a report that stated 70% of adults do not exercise regularly. A researcher decided to test whether the results on a stat

Where are Cash Equivalents and Marketable Securities noted on a 10-K report? What needs to be included as a minimum disclosure?

a millemeter ammeter of resistance 5m amp is to be used to measure a potential difference of 50volt.calculate the multiplier resistance

Define the Management or Managerial Accounting System. Ans.  As the name suggest management or managerial accounting system refers to the Management of the firm or company,

Which of the following does Utts consider a disaster in sampling?sk question #Minimum 100 words accepted#

Bugsy?s Haulers, is considering the purchase or lease of a fuel tanker. The Purchase Option The purchase price is R4 000 000. This will be paid off as follows: R2 5