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Predetermined costs are estimates of costs that are established in advance of a specific period, often used for budgeting and financial planning. For example, a company might set a predetermined overhead rate based on expected machine hours for the year, allowing it to allocate manufacturing overhead to products. Another example is a fixed salary for employees, which is established before the start of the fiscal year and does not change regardless of actual hours worked. These costs help organizations plan and control their financial resources effectively.
What else can I help you with?
What is the predetermined cost?
Predetermined rate is overhead rate allocated to product cost to find out the full product cost and it is an estimated rate based on total expected overhead on normal capacity divided by some machine hours or direct labor hours etc.
What is a predetermined cost?
It is the type of thing that means you think over again... you know you are determined but before you are you makes ure you are.
Some examples of direct material cost and direct labor cost?
examples of dierect material,indirect,labour,and expenses cost
Why traditional cost systems distort product cost?
In traditional cost system overheads are allocated to products based on predetermined rate and that’s why some of that cost which is not related to that product charged to it and due to which actual cost of product cannot be determined.
Example of cost driver?
cost driver examples
How do you compute predetermined overhead rate as a percentage of direct labor costs and direct labor hours?
Predetermined overhead rate based on direct labor cost = Budgeted overhead cost / direct labor cost / 100 Predetermined overhead rate based on direct labor cost = budgeted overhead cost / direct labor hours.
What is the predetermined cost?
Predetermined rate is overhead rate allocated to product cost to find out the full product cost and it is an estimated rate based on total expected overhead on normal capacity divided by some machine hours or direct labor hours etc.
Definition of a predetermined overhead rate?
Predetermined overhead rate is that overhead rate calculated before start of production to allocate overhead costs to units of products by using some ratio in relation to some other cost like material cost or labor cost or labor hours etc.
Give two examples of the possible opportunity cost of a government building a new hospital?
Agriculture and animal husbandry
Can you give few examples of low cost fuels?
some of the low cost fuels are bio ethanol,bio methanol,cellulose bio mass etc.
What is a predetermined cost?
It is the type of thing that means you think over again... you know you are determined but before you are you makes ure you are.
What is the prefix for predetermined?
The prefix for "predetermined" is "pre-."
Give you 5 examples of infix?
give 5 examples of infix
Some examples of direct material cost and direct labor cost?
examples of dierect material,indirect,labour,and expenses cost
How ca you work unsupervised give examples?
How can you work unsupervised give examples?"
Why traditional cost systems distort product cost?
In traditional cost system overheads are allocated to products based on predetermined rate and that’s why some of that cost which is not related to that product charged to it and due to which actual cost of product cannot be determined.
Example of cost driver?
cost driver examples
