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.
Using direct labor hours: Overhead rate = Total Overhead Expenses /Direct labor hours Using Machine hours: Overhead rate = Total Overhead Expenses /Machine hours
Blanket overhead rate is the computation of a single overhead rate for one whole factory. Overhead rate is the percentage you get when comparing total overhead expenses to total expenses.
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.
what isfactory overhead applied
to do nothing nothing to do
The phrase is: DOLCE FAR NIENTE
How would you explain the phrase there is nothing stronger than a heart of a volunteer?
nec plus ultra is a Latin phrase meaning 'nothing beyond' / 'nothing better'
"Rien à faire" is the French phrase for 'nothing to do'.
Nothing if not to be
That phrase means "lots of fuss about nothing"
The latin phrase for "There is nothing you can't do" is "Nihil est non potes facere" Nihil- Nothing. Est- he/she/it (but in this case, there) is. Non Potes- You can't/ you are not able. Facere- To do.
Nothing in life is certain but death and taxes.
Absolutely nothing, that is not a phrase.
its nothing if it kills it you get bills
It means nothing