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Why do organisations normally charge overheads to products in addition to the direct costs involved in making the products?
To make a profit of course, simple business
To cover ALL the costs of making a product. For example - A used car lot does not include the electric bill as a part of costs of goods sold, it is an operating expense (overhead - not specifically tied to any product, but necessary to make all products). However if the used car dealer only made a profit off of each car he sold and did not recoup the electric bills, the electric company would shut off the service and he would be out of business.
What else can I help you with?
Do CPA's get paid by the hour or by the salary?
An independent CPA may choose to charge by the hour or the work involved. A CPA working for an accounting firm or other company gets paid a salary normally.
Which normally has a credit balance - accounts receivable or notes payable?
Notes Payable is a liability, so it would normally have a credit balance. Accounts Receivable is an asset which would normally have a debit balance.
A balance of a prepaid expence account is normally DEBIT OR CREdit?
Prepaid Expenses would normally have a debit balance.
Is bonds payable normally debit or credit?
Bonds Payable would be a liability and therefore normally maintain a credit balance.
How far back can IRS collect debt owed to them by you?
There is no time limit imposed upon the IRS if there is any evidence of tax fraud on behalf of the taxpayer. Normally they do not go back past 7 years but if fraud was involved or intentionally not paying the amount of taxes due then the IRS can go back as long as is necessary.
What type of oil do is used in a 4 stroke mower?
flatheads normally 30w overheads 10w30 high detergent
In addition to ras rcms and ccms what offices are normally involved in fiscal year end closeout?
Contracting Supply ALO FMA
What are the factors of addition?
"Factor" is normally applied to multiplication and division, not addition and subtraction, but the analogues in addition would be the numbers being added.
Can oral cancer be serverely disfiguring?
Yes, normally when surgery is involved.
Is nnitrogen is combustion?
No, nitrogen is fairly inert and is not normally involved in combustion.
Does red cross help pay rent?
The Red Cross does not normally offer financial assistance for rented housing, although they may be able to suggest other organisations that do.
Are building permits required for room addition projects?
Normally a building permit is required on any addition to a home. If done without a permit it can be a waste of time and funds.
Who is involved in a operation budget?
The following would normally be involved in the budgeting processThe Finance Manager and /or Bookkeeper ;The project Manager and / or Director of the ogranisation or department
What designs do Chargers jerseys normally show?
The Chargers jerseys normally show designs that are blue or purple. In addition, there is a white colored jerseys design that has different numbers on each shirt.
Who is normally given primary responsibility for maintaining the job description?
Normally its the HR Department. If its a SME (Small Medium Enterprise) without any HR / Personnel Department then its normally undertaken by a work group who are involved in the role and lead the role.
What is the formula of Absorption cost?
There is no formula as such. It involves 3 principle stages. Firstly the overheads (the indirect costs) are allocated or apportioned to all production departments (or profit centres) and to all service departments using logical bases for doing so. The overheads allocated or apportioned to the service departments are then re-apportioned to the production departments (or profit centres). The total cost of the overheads should now all be in the production departments or profit centres. These totals are then divided by a factor such as the budgeted direct labour hours or machine hours to obtain an overhead absorption rate of £x per direct labour hour of machine hour as appropriate. Overheads can then be charged to each unit produced depending upon the number of labour hours or machine hours used to make the product. The process is normally all based on budgeted overhead costs and budgeted production levels. There are plenty of examples and more detailed explanation on the internet.
Direct goods are not directly involved in the production process and normally serve vertical markets. true or false?
true
