Cost Accounting Lecture Sheet By Muhammad Nazrul Islam FCMA
102.05 Costing and control of manufacturing
Overhead
Learning objects: Factory overhead cost, Classification of Manufacturing Overhead,
Costing of Factory Overhead, Actual versus Normal Costing of Factory overhead,
Determination of predetermined Factory overhead, Variable and fixed FOH application rate,
Applied Factory overhead Cost, Actual Factory overhead Cost, Journalizing of Factory
overhead and accounting for the difference between applied and actual factory overhead
Overhead
Learning objects: Factory overhead cost, Classification of Manufacturing Overhead,
Costing of Factory Overhead, Actual versus Normal Costing of Factory overhead,
Determination of predetermined Factory overhead, Variable and fixed FOH application rate,
Applied Factory overhead Cost, Actual Factory overhead Cost, Journalizing of Factory
overhead and accounting for the difference between applied and actual factory overhead
FACTORY OVERHEAD COST
Refers to the cost pool used to accumulate all indirect manufacturing expenses (excluding
selling, general, admin Expenses). Example: Indirect material, Indirect labor, factory rent,
Depreciation of Factory building and plant and machinery, maintenance of Factory building
and plant and machinery, utility of factory etc.
CLASSIFICATION OF MANUFACTURING OVERHEAD
Basic Classification
Behavioral Classification
Manufacturing Overhead
Variable Cost
Indirect Material & Labor
Fixed Cost
Depreciation, Rent
Lecture 05 Download
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