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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.
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 do you describe conversion cost?
Direct Labour + Overhead Costs
Why some company uses budgeted overhead costs rather than actual costs?
the reason was: control the budget,
What is Primary distribution overhead cost?
Primary distribution overhead cost is also called Departmentalization of overheads. It involves apportionment and allocation of overhead costs in the service and production departments.
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.
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.
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 do you calculate under and over applied OH?
To calculate under or overapplied overhead, subtract the actual overhead costs from the applied overhead costs. If the actual overhead costs exceed the applied overhead costs, it is overapplied. If the applied overhead costs exceed the actual overhead costs, it is underapplied.
Would you expect substantially different amounts of overhead costs to be assigned to some jobs if the company used a plantwide overhead rate based in direct labor hours rather than using departmental?
Yes, using a plantwide overhead rate based on direct labor hours could result in significantly different overhead cost allocations compared to a departmental approach. Plantwide rates average costs across the entire facility, which may not accurately reflect the overhead consumption of specific departments with varying processes and resource needs. This could lead to over- or under-costing of jobs in certain departments, affecting pricing and profitability decisions. In contrast, departmental rates provide a more tailored allocation that can better match actual resource usage.
What are the advantages and disadvantages of centerally and departmental filing?
puddha
How does the planning of fixed overhead costs differ from the planning of variable overhead costs?
it doens't
What is on overhead?
Overhead refers to the cost of a business in a particular period. Specifically, overhead points to fixed and indirect costs. They are non-labor costs. Non-labor costs are variable or fixed. Rent and salaries are examples of fixed costs. Advertising and supplies are variable costs.
Is Direct Labor included in Overhead costs?
Direct labor are not part of overhead costs and shown separately while indirect labor are part of overhead costs and included in overhead cost because those labor cannot be allocated separately or identifiable separately.
What is departmental stores and explain its advantage and disadvantage?
Departmental stores are large retail establishments that offer a wide variety of goods organized into different sections or departments, such as clothing, electronics, and home goods. One advantage of departmental stores is the convenience of finding diverse products under one roof, which can enhance the shopping experience. However, a disadvantage is that they often have higher prices compared to specialized stores due to overhead costs and less personalized customer service.
What is a blanket overhead absorption rate How will you differentiate between blanket overhead rate and other overhead absorption rate?
In Blanket Overhead Absorption Rate applied is the same however it may differ if a company follow Departmental method Or frther break - up method
What are the advantages of cheap labor?
The most obvious benefit would belower manufacturing costs and also lower overhead costs. In most cases it is a bad idea as cheap labour often means sacrificing work quality.
