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The Actual overhead is calculated throughout the Production cycle for indirect cost associated to the production and the overhead costs applied is based on the fixed rate assigned against the machine or labour hours to be calculated for the difference b/w two are called under or over applied.
APPLIED Overhead is computed using the predetermined overhead rate and is the amount of costs applied (or estimated) to be allocated (needed) for specific jobs. ACTUAL Overhead is found after the manufacturing process is complete which gives the actual amount of used/consumed resources (or total costs) that it needed to complete the job. The two amounts can then be compared afterward which is known as Under- or Overapplied Manufacturing Overhead. When Manufacturing Overhead has a DEBIT balance, overhead is said to be UNDERAPPLIED, meaning that the overhead applied to work in process or to the certain job is LESS than the overhead incurred. On the contrary, when manufacturing overhead has a CREDIT balance, overhead is OVERAPPLIED, meaning that the overhead assigned to work in process or to the certain job is GREATER than the overhead incurred.
If you asked this, you are probably "math-challenged" so try this technique.... To make this question easier to figure out, substitute 100 for the big number and 1 for the small number. (for example: If receipts were 100 dollars, and overhead was 1 dollar what was overhead rate? the answer would be 1% which is the answer to "what is 1 divided by 100") then it will be easy to set up the real math problem as "what is 444 divided by 3700?" By putting the 444 back into the place of the $1 & the 3700 into the place of the $100. $444/3700 = 12% (12/100 & 0.12 are two other ways to write 12%) So the overhead rate is 12% of receipts. Check the math: 12% of receipts "means" 0.12 times the total receipts.. 0.12 x 3700 = 444 Check if it makes sense: Yes, it makes sense that the overhead would be a small percentage of the total receipts.
Direct labor and Factory overhead
two underlying assumptions you make when preparing the Income Statement and Balance Sheet
The advantage of using blanket overhead absorption rate is that budgeting and costing become simpler. One disadvantage however is that it is harder to know which of the costs centers is consuming most of the money allocated.
The Actual overhead is calculated throughout the Production cycle for indirect cost associated to the production and the overhead costs applied is based on the fixed rate assigned against the machine or labour hours to be calculated for the difference b/w two are called under or over applied.
APPLIED Overhead is computed using the predetermined overhead rate and is the amount of costs applied (or estimated) to be allocated (needed) for specific jobs. ACTUAL Overhead is found after the manufacturing process is complete which gives the actual amount of used/consumed resources (or total costs) that it needed to complete the job. The two amounts can then be compared afterward which is known as Under- or Overapplied Manufacturing Overhead. When Manufacturing Overhead has a DEBIT balance, overhead is said to be UNDERAPPLIED, meaning that the overhead applied to work in process or to the certain job is LESS than the overhead incurred. On the contrary, when manufacturing overhead has a CREDIT balance, overhead is OVERAPPLIED, meaning that the overhead assigned to work in process or to the certain job is GREATER than the overhead incurred.
Facts and assumptions
The assumptions of a two-sample t-test are: Each sample come from a normally distributed population. Both populations have equal variances. The data are sampled independently from each population.
If you asked this, you are probably "math-challenged" so try this technique.... To make this question easier to figure out, substitute 100 for the big number and 1 for the small number. (for example: If receipts were 100 dollars, and overhead was 1 dollar what was overhead rate? the answer would be 1% which is the answer to "what is 1 divided by 100") then it will be easy to set up the real math problem as "what is 444 divided by 3700?" By putting the 444 back into the place of the $1 & the 3700 into the place of the $100. $444/3700 = 12% (12/100 & 0.12 are two other ways to write 12%) So the overhead rate is 12% of receipts. Check the math: 12% of receipts "means" 0.12 times the total receipts.. 0.12 x 3700 = 444 Check if it makes sense: Yes, it makes sense that the overhead would be a small percentage of the total receipts.
Direct and indirect
Indirect Labour and Indirect Material
Fuel & Labor
The principle difference between underground and overhead cable is thermal dissipation. With overhead cable, heat can dissipate into the air, and wind can improve the rate of thermal dissipation. On the other hand, overhead cable is exposed to solar gain that will result in some heating. With underground cable, heat dissipation is governed by the thermal conductivity of the soil. The Neher-McGrath formulas can be used to calculate thermal conductivity and the required derating of conductors. Comparing the two, an overhead cable generally has a higher thermal ampacity than an underground cable of the same material, dimensions and insulation.
empiracal models
Two cams in a 1.8 ?