Overhead costs, Cost Accounting

Overhead Costs

Introduction

Overhead costs may be defined like the net cost of indirect materials, indirect expenses and indirect labour. They may happen or be charged to as:

a) Production cost centers that is making and packing and finishing departments.

b) Service costs centers as an example of power generation and maintenance

c) Other non-production cost centers as an example of administration and distribution and selling

In this section, we will look at how these overhead costs are changed to non-production and production departments then to determine the total cost incurred via every department in the organization.

Posted Date: 2/5/2013 6:41:46 AM | Location : United States







Related Discussions:- Overhead costs, Assignment Help, Ask Question on Overhead costs, Get Answer, Expert's Help, Overhead costs Discussions

Write discussion on Overhead costs
Your posts are moderated
Related Questions

Erlander Company uses a job order cost accounting system. On November 1 2013, $15,000 of direct materials and $3,500 of indirect materials were requisitioned for production. Prepar

An investment alternative in a project requires a capital cost of $102 millions completed at time zero. The investment will produce a stream of revenue of $50 millions per year ove

Which method of measuring costs associated with production is more widely used in practice A. Normal Costing  B. Actual Costing  C. Both are used equally  D. Neither one

need help to achieve my assignment

Flexible Budget Flexible budget is a budget that is designed to change in accordance along with the level of activity attained. It includes budgeting at various levels in anti

Logan Corporation issued $800,000 of 8% bonds on October 1, 2006, due on October 1, 2011. The interest is to be paid twice a year on April 1 and October 1. The bonds were sold to y

Andrew Industries is contemplating issuing a 30-year bond with a coupon rate of 7% (annual coupon payments) and a face value of $1000. Andrew believes it can get a rating of A from

Integrated Ledger System An integrated account ledger system, which has a number of features that may be viewed as preferable to the interlocking ledger system. In present dec

Bakers Bagels LLC produces and sells 20 types of bagels by the dozen. Bagels are priced at $6.00 per dozen (or $0.50 each) and cost $.020 per unit to produce. The company is consid