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Is factory overhead a debit or a credit balance?

Factory overhead typically has a debit balance. This account accumulates all the indirect costs associated with manufacturing that are not directly tied to a specific product, such as utilities, maintenance, and salaries of supervisory staff. When overhead costs are incurred, they are debited to the factory overhead account, increasing its balance. When these costs are allocated to products, the overhead account is credited, reducing its balance.


What exactly is accounts receivable and accounts payable?

Account Receivables are the right to claim against the sale of goods made by any business. It is merely concern with the sale of primary business product. Account Payables are the obligation to pay for the goods purchase with the intention to resale or to use in manufacturing of goods to sell.


What is sale on account?

where a person or organisation buys on account, meaning they get the goods or product and will pay for them at a later date.


What typically doesn't have an inventory account?

Like what type of business? An accounting firm wouldn't have an inventory account. A manufacturer would have an inventory. Think of it as if a company is selling a product as opposed to services they would generally have an inventory account.


What do you mean by credit card and debit card?

credit means where we purchase any product are any items without cash and pay cash with in time of the month debit card means the cash of in our account where we want withdraw any where any time and buy any thing cash no credit

Related Questions

Where can one purchase the recording of the original Broadway cast of the musical The Lion King?

One can purchase the recording of the original broadway cast of the musical "The Lion King" from Amazon. The Amazon offers a special two disc edition of this product.


What did the Arabs use maths for?

to measure land, and account for product and prices in purchase and sale


Where can one buy a Mackie Onyx Blackbird recording interface online?

There are many places where one could purchase a Mackie Onyx Blackbird recording interface online. One could visit the official Mackie website for information regarding the purchase of this product.


How much to start a amazoncom account?

An account on Amazon for shopping purposes is free. However, you must pay for each product that you purchase using your Amazon account.


What primary function is money serving when you keep it in a bank account until you need it to purchase a product?

A store of value.


What are the eight types of business transaction?

cash sales, credit sales,purchase on account,collection from sales on account,settlement of purchase on account, direct purchase on cash,installment sales and installment payment


Where can you purchase the product Britesmile?

You can purchase the product Britesmile from their website. You can also purchase it from your dentist.


Will a product tend to be elastic or inelastic if the purchase of a product can be delayed?

The product will tend to be elastic if the purchase of a product could possibly be delayed.


Is it possible to purchase 10 packs of the product?

Yes, it is possible to purchase 10 packs of the product.


Is it possible to purchase a 10-pack of the product?

Yes, it is possible to purchase a 10-pack of the product.


Is it possible to purchase a ten pack of the product?

Yes, it is possible to purchase a ten pack of the product.


How do you redownload a product you paid for?

To redownload a product you've paid for, first, log into the account associated with your purchase on the retailer's website or platform. Navigate to your purchase history or library, where you should find a list of your purchased items. Look for an option to download or reinstall the product, and follow any prompts provided. If you encounter issues, consult the platform's customer support for assistance.