Factory Overhead
- Accounting
Responsibility for Direct Materials and Direct Labor
Responsibility for Direct Materials and Direct Labor. Basically, the best approach to assigning responsibility for any cost element is a…
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Calculation Of Manufacturing Overhead Rate
The determination of the manufacturing overhead rate follows the procedures discussed in the previous manufacturing  overhead rate discussion. The overhead…
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Year-end Departmental Expense Analysis Sheet
Departmental Expense Analysis Sheet: Departmentalization of factory overhead requires that each expense be charged to a department as well as…
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How To Calculate Predetermined Overhead Rate
Calculate Predetermined Overhead Rate The illustration uses four producing departments here such as Cutting, Planing, Assembly, and Upholstery; and four…
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Process Of Establishing Departmental Overhead Rates
ESTABLISHING DEPARTMENTAL OVERHEAD RATES: Factory overhead is usually applied on the basis of direct labor dollars or hours when one…
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Which are General Factory expenses and Janitor Labor expenses?
General Factory expenses: Certain expenses other than those discussed above come under the category General Factory expenses because they cannot…
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Basis of Charging Indirect Expenses to Producing Departments
Apart from Expenses, Indirect Expenses such as power, light, rent, and depreciation of factory, when shared by all departments, can…
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Charging Repairs and Maintenance Costs to Products
Repairs and Maintenance costs: With respect to repairs and maintenance costs, it is essential (1) to establish control over the…
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Difference Between Direct And Indirect Materials
Indirect Materials and Factory Supplies. Distinguishing incorrectly between direct and indirect materials (the latter being part of overhead) has the…
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How To Categorize Direct Departmental Overhead Costs
Direct departmental overhead costs: Inasmuch as overhead is allocated to all products, a lax or incorrect classification results in direct…
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