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What else can I help you with?
What are the advantages and disadvantages of overhead costing?
The advantages are that you will be able to get more things for the business. The disadvantages are that they are a lot of costs.
How do you determine multiple production department factory overhead rates?
To determine multiple production department factory overhead rates, first, identify the total overhead costs for each department and the appropriate allocation base, such as machine hours or labor hours. Next, gather data on the actual usage of the chosen allocation base for each department. Finally, divide the total department overhead costs by the total units of the allocation base to calculate the overhead rate for each department. This approach ensures that costs are accurately assigned based on the specific activities and resources utilized in each department.
Disadvantages of using predetermined overhead absorption rates?
One disadvantage to using a predetermine overhead absorption rate is the fact that the rate may be too much for any particular product. If this happens, then the price of the product will be too much.
What are the three overhead absorption rates?
As far as I know there is only an overhead absorption rate and a full absorption rate. The alternative being marginal costing. There are 3 methods of absorption costing. These being Activity, Time and Efficiency but I'm not sure what you are asking exactly.
Why is it considered preferable to use a separate overhead absorption rate opposed to one overall rate for all departments?
Since costs are different from all products assigning overhead absorption rates will impact the price of the products. A specific rate for each product will help the company compete within the industry.
What are the advantages of using predetermined overhead rates?
The benefits of using predetermined overhead rates is that budgeting and allocation of cash flows become easier. It also helps the firm to conserve resources to stay within a budget.
What are departmental overhead rates?
Departmental overhead rates are an expense assigned to products associated with a particular department. Overhead rates help businesses remain within the boundaries of a budget.
Is companywide one word or two?
It is one word.
What are the advantages and disadvantages of overhead costing?
The advantages are that you will be able to get more things for the business. The disadvantages are that they are a lot of costs.
What tax advantages regarding interest rates?
The tax advantages regarding interest rates is that there are tax deductions for the interests payable. This would translate to repayment of lower interest rates.
What are the benefits of overhead garage doors?
My garage door is not functioning anymore and I would like to get an overhead garage door. What are the advantages of using such a configuration?
It is better to use multiple overhead rates compared to single rate in overhead absorption Discuss statement?
hope u all can help me about this question
What are the advantages of using presentation software?
You don't need a slide projector or an overhead projector.
What are the advantages of an overhead camshaft valve operating mechanism compared to the side camshaft with overhead valves?
Fewer moving valve train parts such as the push rods.
Departmental overhead absorption rate?
The benefit of determining overhead absorption rates, according to departments is that it is usually hard to pin certain overhead costs to specific products. It is better for each department to relate to a certain overhead than a specific product.
How is predetermined overhead rates useful in costing?
It allows you to forecast future costs needed to do business.
Advantages and disadvantages of mortgages?
Advantages - You can buy a house.Better cash flow.Disadvantages - Interest rates and be extremely high.
