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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.
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Financial accounting vs cost accounting?
Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management... accounting methods and techniques used by managers to operate their firms. Examples include raw materials, labor and manufacturing overhead management. On the other hand.
How would you report a college scholarship for tuition expenses on your tax return?
you don't have to report scholarships used for tuition and course-related expenses == ans == The prior response is wrong. Scholarships and grants may not be taxable, but the are absolutely reportable. Not reporting them (correctly) may make them taxable, with penalties and interest in fact. The way to determine what you need to do, especially as the terms get applied to things that may not qualify, or may actually qualify as certain types, or a rant Vs a scholarship Vs a stipend, Vs etc., (needing different reporting) is: http://www.irs.gov/publications/p970/ch01.html A "plain English" publication of the IRS that explains it, and gives examples fully.
Accrual basis accounting vs Cash basis Accounting?
Under accrual basis of accounting, transactions are recorded when they actually occurred while in cash basis accounting transactions are recorded when actual cash is paid. Accrual accounting follows the matching concept according to which all revenues in one period should be match with expenses.
What is the difference between and super bill vs charge slip?
Nothing..
Cash flow Vs funds flow?
Cash flows and fund flows
What is Production Variance?
In most production management systems, a "Planned" quantity and material cost is calculated based on the associated Bill of Materials (BOM) and Operatons being performed (Route) creating labor and overhead related costs. The "Actual" quantities, material costs, and labor/overhead costs are issued to a Work in Process (WIP) account and the quantities/values of the produced items are recieved from the WIP account. A variance usually occurs when there is a difference between the issued material cost plus labor and overhead and the recieved material cost of the produced item. The reasons for these variances can be differences in planned vs actual quantities, differences in system or planned cost of materials, labor, or overhead vs actual cost, or any other potential reason for an unplanned difference.
In a CNG filling Station business what kind of variances you can calculate?
1. Budgeted No of stations vs Actual No of stations 2. Budgeted No of vechiles per day vs Actual No. of vehicles per day 3. Budgeted fill per vehicle vs actual fill per vehicle 4. Budget no of operational days vs Actual no of operational days 5. Budget gas consumption v actual gas consumption 6. Budgeted electricity consumption vs actual electricity consumption 7. Budgeted fixed expenditure vs actual fixed expenditure
1 Explain the different types of research?
The basic types of research are as follows:• Descriptive vs. Analytical• Applied vs. Fundamental• Quantitative vs. Qualitative• Conceptual vs. Empirical
What is the ideal vs actual conflict in of mice and men?
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What are the ratings and certificates for Ninjas vs- Zombies - 2008?
Ninjas vs- Zombies - 2008 is rated/received certificates of: USA:R (self applied)
JTF2 vs SRR vs SASF vs DEVGRU who's more elite?
Completely a question of opinion, no actual information can be given. It's all up to your opinion.
What time is the ACTUAL kickoff for the 49ers vs Falcons today?
12:00
What are the three dichotomies of linguistics?
The three main dichotomies of linguistics are: synchrony vs. diachrony (study of language at a specific point in time vs. over time), competence vs. performance (knowledge of language vs. its use in context), and langue vs. parole (language system vs. actual instances of language use).
How can you raise overall on Smackdown vs Raw?
On smackdown vs raw 2010 and earlier versions your created wrestlers gain skill points after winning matches, which can be applied on the skills you prefer.
What is the stress vs strain formula used to calculate the relationship between the applied force and resulting deformation in a material?
The stress vs strain formula is used to calculate the relationship between the applied force and resulting deformation in a material. It is expressed as stress force/area and strain change in length/original length.
What does a stress vs strain plot show in the context of material testing?
A stress vs strain plot shows how a material responds to applied force. Stress is the force applied per unit area, while strain is the resulting deformation. The plot helps determine a material's mechanical properties, such as its strength and elasticity.
When is Marvel vs capcom 2 coming out?
Marvel vs Capcom 2 has already been released. The game was slated for a 2009 release. The actual release date was July 2000.
