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.
direct or indirect cost which increases or decreases with production are variable overheads such as, indirect material, indirect labor, utilities, maintenancd expansis etc. expansis which does not fluctuate with increase or decrease of production called fixed overheads such as rent, salaries, insurance, professional membership like ISO etc.
When calculating total cost do you add in variable manufacturing overhead fixed manufacturing overhead or both?
The difference between Overhead & G&A is as follows: Overhead is always a fixed cost...such as rent. G&A (Stands for General and Administrative) so therefore all general and administrative costs go here....such a supervisor salary. G&A can have cost controls implemented into them...the fixed costs are set (usually in stone). http://www.xsellence.com
Differentiate between fixed and variable overheads. which one of them is controllable and what is the effect of controlling overheads on contribution margin and finally on per unit cost?
Overhead Variances 13-48 pg 622 13-48 Overhead Variances Study Appendix 13. Consider the following data for the Rivera Company: Factory Overhead Fixed Variable Actual incurred $14,200 $13,300 Budget for standard hours allowed for output achieved 12,500 11,000 Applied 11,600 11,000 Budget for actual hours of input 12,500 11,400 From the above information, fill in the blanks below. Be sure to mark your variances F for favorable and U for unfavorable. a. Flexible-budget variance $______ Fixed…
VARIABLE COSTING VERSUS ABSORPTION COSTING Absorption costing applies all manufacturing overhead to production costs while they flow through Work-in-Process Inventory, Finished-Goods Inventory and expenses on the income statement while Variable Costing only applies variable manufacturing overhead. Fixed manufacturing overhead is expensed immediately as it is incurred under variable costing while it is inventoried until the accounting period during which the manufactured goods are sold under absorption costing.
Cost classifications Knoblauch, Inc., manufactures rugby jerseys for collegiate sports teams and sells its merchandise through university bookstores. Required: Raw material Direct labor Variable manufacturin overhead Fixed manufacturing overhead Fixed administrative expense Fixed indirect selling expense Variable direct selling
Fixed loop: this is the loop where the number of iterations are known. Variable loop: Here the number of iterations are not known Example for a variable loop. The pseudocode for variable whille loop begin character cchoice display"enter the choice" accept cchoice while(cchoice='y') begin //execute the statements end end Rkarthikeyan
What difference does interest rates being variable rather than fixed make to pension plans housing loans and other personal finances?
Variable and Fixed are accounting terms. It is a useful way to think of costs or overhead. Lets pretend you were a cab driver. Your fixed costs would be purchasing the cab and insurance and registration. Variable Costs change depending on how often you drive the cab. Gasoline would be variable as would tires. The more your drive the quicker tires wear out. Can you guess what windshield washer fluid would be considered?