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Why you charge production at pre determined factory overhead rate?
Wiki User
∙ 9y ago
The predetermined factory overhead rate is the cost associated with all products produced by the company. This helps the company easily assign cost.
Wiki User
∙ 9y ago
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What is overhead charge?
Quote: "A common practice is to calculate an overhead charge as a percentage of the direct costs of providing the services under the contract." source: http://www.unbc.ca/assets/policy/research/indirect_costs_and_overhead_charges_for_research_and_for_instructional_services_surpluses_2.pdf explaining that overhead charge is describing the indirect cost that a contract causes to the delivering institution.
Why is it possible for competition among firms to force down to capital intensive production?
It is possible for competition to force competitors into capital intensive production in order to compete. When a firm does this, they can gain a competitive edge over others in the industry and get more customers because their competition will have to charge more to cover the expenses.
Specialization in production is economically beneficial primarily because it?
Specialization allows businesses to charge a higher price for the product. When a product is specialized, customers are will to pay more in order to have access to the upgraded features.
What is the interest rate on the business loan?
The cost of the business loanis determined during the credit evaluation and after which you will be advised of how much amount of money you can borrow, payments, any fees and interest.
How much does the Bank of America charge for a Car Loan?
BOA's lending rate is determined by several factors. Not least among them is the potential borrower's credit score. The higher the score, the lower the rate. Likewise, the lower the score, the higher the rate.
Duties of production manager in packaging industries?
The production manager is in charge of all aspects of production from start to finish. They are in charge of the factory lines and how the finished product looks.
What do you call people who work in factory?
In a store they will normally be Bakers in a factory they are usually production staff. This is because its a mass production environment and the "baker" would be in charge of the mix and bake off. Few in a factory are actually "bakers" as we know the term
What do you call people who work in cookies factory?
In a store they will normally be Bakers in a factory they are usually production staff. This is because its a mass production environment and the "baker" would be in charge of the mix and bake off. Few in a factory are actually "bakers" as we know the term
What is overhead charge?
Quote: "A common practice is to calculate an overhead charge as a percentage of the direct costs of providing the services under the contract." source: http://www.unbc.ca/assets/policy/research/indirect_costs_and_overhead_charges_for_research_and_for_instructional_services_surpluses_2.pdf explaining that overhead charge is describing the indirect cost that a contract causes to the delivering institution.
Is indirect labor a part of prime cost?
Direct material and direct labor are the parts of prime cost while indirect labor is part of manufacturing overhead and manufacturing overhead is a part of conversion cost that's why indirect labor is not part of prime cost because it is that type of labor which is not directly identifiable with units production that;s why cannot charge directly to production units.
What is the meaning of fixed cost in economics?
the cost which is not change with production fixed cost example rent of factory , employee salaries in case of manufacturing unit , fixed electricity charge etc.
Where is the dual overhead cam located on a 2002 ford escort zx2?
Where is the dual overhead cam located or the air temp charge sensor?
How is the nuclear charge determined?
the charge of protons in the nucleus (or the atomic #)
Who runs the chocolate factory in the book Charlie and the Chocolate Factory?
Willy Wonka was the person in charge of the chocolate factory.
Does Spirit Airlines charge for use of the overhead baggage comparments?
Spirit of America Airlines does charge a fee for carry-on luggage that will go into the overhead baggage compartments. The fees start at twenty dollars and goes up as high as forty-five dollars.
Is there a difference between Production manager and plant manager?
A Plant Manager is in charge of production, materials, purchasing, Human Resources, Engineering, Quality, etc, etc, a Production Manager is in charge of Production only, and reports to the Plant Manager.
The people in charge of production of a drama or movie are?
The people in charge of production of a drama or movie prepare and supervise the making of a film before the film is presented to a distributor.
