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
what are the methods of sampling

Budgeted accounts Accounts that are theme to the misappropriation or sometimes to appropriation and/or allotment process. Refer to APPROPRIATION and portion.

Haha your scam is gonna fail loser

What is  Degrees of Freedom : While comparing the calculated value of X2 with the table value we have to determine the degrees of freedom. By degrees of freedom we mean the number

Ten students are given coaching for environmental statistics. The score obtained in tests 1 and 5 are given below: Sl No of student 1 2 3 4 5 6 7 8 9 10 Marks in 1st test 50 52 53

what is the average value of 1,2,3,4,5

Amount to be provided for retirement of long-term obligations An “other debit” common journal value used in the General Long-Term Bills Additional Consideration that symbolizes t

a manufacturer claims that 60% of beer drinkers perfer his beer. A query with 30 beer drinkers selected at random showed that 16 of them prefer this brand.(a.)Does the evidence sup

Consider a multiple regression model Y=ß0+ß1X1+ß2X2+µ The sample data yields the following matrices: X’X= { ¦(33&0&0@0&40&0@0&20&60) } Y’X=¦((132&24&92)) ?(y-Y)2 =150 a. what

CASE STUDY 1 3 MARKS An audit of the accounting records of Loch Ness Ltd. for the year ending 30 June 2012 discovered that the ending inventory balance