State overhead expenses, Managerial Accounting

Assignment Help:

State overhead expenses

It is to be noted that the term overheard has a wider meaning than the term indirect expanses. Overheads include the cost of the indirect material and indirect labour besides the indirect expanses. Indirect expanses may be classified under the following three categories.


Manufacturing (works, factory or production): such indirect expenses which are incurred in the factory and concerned with the running of the factory and concerned with the plant are known as manufacturing expanses. Expenses relating to production management and administration are included therein. Factory overheads include:

a. Indirect material used in the factory such as lubricants oil, consumable strobes etc.

b. Indirect labours such as gate keeper salary, time keeping salary, work manager's salary etc.

c. Indirect expanses such as factory rent, factory insurance, factory lighting etc.


Related Discussions:- State overhead expenses

7. Alma and Associates, Alma and Associates, a new consulting service, rece...

Alma and Associates, a new consulting service, recently received a bill for repairs on its computers totaling $2,350. Alma thinks it may have been overcharged and is trying to recr

Homework, costs/per unit labor ... $ 4 materials ...5 fixed cost... $ 12 ...

costs/per unit labor ... $ 4 materials ...5 fixed cost... $ 12 determine the break even point in units if the seeling price is $ 19 determine the break even point in sales at

Security analysis and portfolio management, Security Analysis and Portfolio...

Security Analysis and Portfolio Management Define Capital Market Line and how is it dissimilar from Security Market Line. Describe with illustrations?

Implementation of abc analysis, Implementation of ABC analysis The foll...

Implementation of ABC analysis The following steps are included in implementing the ABC analysis: 1. Categorize the items of inventories, establishing the expected use in un

Prisoner''s dilemma- non-zero sum games, Prisoner's Dilemma To understand...

Prisoner's Dilemma To understand the prisoner’s dilemma, let’s consider a story as follows: Two peoples are arrested for a crime. The police lack enough evidence to convict ei

Mr, i want to get the answer for exercises 2.1 and 2.2 on strategic and tac...

i want to get the answer for exercises 2.1 and 2.2 on strategic and tactical decisions

Acceptance and allocation of resources , Acceptance and Allocation of Resou...

Acceptance and Allocation of Resources Managers, subsequent a review and analysis of all decision packages, will establish the level of resources to be assigned to each decisi

Costing, Costing Cost accounting can be described as the collectio...

Costing Cost accounting can be described as the collection, interpretation of cost and assignment. In succeeding chapters, you will learn about alternative costing techniq

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd