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It would not be an accurate cash flow analysis without all income and outgoing finance itemised and accounted for
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When calculating total cost do you add in variable manufacturing overhead fixed manufacturing overhead or both?
Following is the formula for total costtotal cost = fixed overheads + variable overheads + direct labor + direct material
What is meant by fixed overhead costs?
Means all the bills and expenses for the business are the same every month.
What is the point of cashflow forecast?
A cashflow forecast is very important in financial management. It plans the future cash requirements so the company can avoid going into a crisis of liquidity.
International project appraisal?
discounted cashflow method is used
What produces profit for a business?
Taking in more income (revenue) than is spent on costs, which include overhead, personnel, and cost of capital.
A favorable fixed overhead volume variance occurs if?
Favourable fixed overhead variance occurs when actual fixed cost is less than the budgeted fixed overhead expenses.
What is difference between fixed overhead and variable overhead?
The difference between fixed overhead and variable overhead is that fixed overheads are the ones that do not change regardless and variable overheads are the ones that vary depending on the number of units that it produces. An example of fixed overhead is a managers salary.
Fixed-overhead budget variance?
Fixed overhead budgeted variance is the difference between estimated budgeted cost and actual fixed overhead cost of production.
What is the fixed manufacturing overhead budget variance equal to?
Fixed manufacturing overhead budget variance is?
What is the meaning of fixed overhead total variances in an absorption costing system?
Fixed overhead variance means actual fixed overhead cost was more than it was actually budgeted before start of operations.
What is combined overhead variance?
Combined overhead variance = fixed overhead variance + variable overhead varianceFixed Overhead :which remains fixed and donot change upto certain level of productionVariable Overhead: which keep changing with the change in production units.
What are the causes for adverse overhead capacity variance?
Incurring higher fixed costs than were planned for in the budget can cause adverse overhead capacity variance. Other caused can include planning errors, inefficient management of fixed overheads, and business expansion that was not added to the budget.
What is variable overhead?
A cost that is not fixed.
In estimating the profitability of a catering business is most likely to be considered a fixed expense in your overhead costs.?
An example of a fixed cost for catering would include rent; utilities, equipment and insurance.
In estimating the profitability of a catering business blank is most likely to be considered a fixed expense in your overhead cost?
An example of a fixed cost for catering would include rent; utilities, equipment and insurance.
What are total costs in accounting?
Total cost/ full cost which include Prime Cost *Direct Labour cost *Direct Material Cost *Direct expenses Production Overhead *Variable Overhead *Fixed Overhead Selling and Distribution cost Administration Cost
How does the planning of fixed overhead costs differ from the planning of variable overhead costs?
it doens't
