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
Explain and illustrate with your own example the operating cycle of a merchandiser.   Explain and  illustrate the differences between a multiple-step income statement and a single

Why is it important for financial statements and other external reports to be based on generally accepted accounting principles?

Direct Materials Budget This budget implies the estimated quantities and costs of every the raw materials and components desired for the output demand by the production budget

Ed Mettway was concerned about his firm''s ability to acquire the necessary property, plant, and equipment to take advantage of steadily increasing sales. Touring Enterprises, esta


formula for calculting WACC


Importance of Variance Analysis Variance analysis is aimed at getting practical pointers to the purposes of off-the -standard performance hence management can improve operatio

The gross earnings of the factory workers for Vargas Company during the month of January are $66,000. The employer's payroll taxes for the factory payroll are 8,000. The fringe ben

Price and Cost   information  play  no  role  in  negotiated  transfer  prices.  Do  you  agree? Describe.