OVERHEAD COSTS ACCOUNTING Overheads are indirect costs which can not directly be traced to cost units. The task of the cost accountant is to charge these overhead costs to cost units/products. There are two approaches of charging overhead costs to cost units Viz i. Traditional/conventional absorption costing method and‚ ii. Activity Based Costing (ABC) Classification of overheads Overheads can be classified as production or non production overheads. Production overheads are those incurred
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Case Study 3 The C-Direct- Insurance Company Developed by Peter Race‚ Henley Management College Call centres have fast become one of the most important channels for organizations and their customers to interact. There are around 4‚000 call centres in the UK today‚employing over 400‚000 people. The direct sell insurance industry is increasingly using call centres to access and service its market. The C-Direct -Insurance Company has its call centre in Newcastle‚ England. The company itself is just
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Isaac Farmer Prof Anthony Myers MAT300 03 September 2014 1. Bottle Number Ounces (xi) x-xi (x-xi)^2 1 14.5 0.37 0.1369 2 14.6 0.27 0.0729 3 14.7 0.17 0.0289 4 14.8 0.07 0.0049 5 14.9 -0.03 0.0009 6 15.3 -0.43 0.1849 7 14.9 -0.03 0.0009 8 15.5 -0.63 0.3969 9 14.8 0.07 0.0049 10 15.2 -0.33 0.1089 11 15 -0.13 0.0169 12 15.1 -0.23 0.0529 13 15 -0.13 0.0169 14 14.4 0.47 0.2209 15 15.8 -0.93 0.8649 16 14 0.87 0.7569 17 16 -1.13 1.2769 18 16.1 -1.23 1.5129 19 15.8 -0.93 0.8649 20 14
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indirect‚ fixed 280 Other production overheads: variable 400 Other production overheads: fixed 640 Selling overheads: variable 480 Selling overheads: fixed 360 Distribution overheads: variable 280 Distribution overheads: fixed 120 Administration overheads: fixed 600 (5‚720) Net profit for the year 1‚480 Anhad is planning next year’s activity and its forecasts for the year ended 31 October 2014 are as follows: 1. A reduction in selling price per car
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Problem 1 Brentwood Associates uses a job-order costing system and applies overhead on the basis of direct labor hours. At the beginning of the year‚ management estimated that 26‚000 direct labor hours would be worked and $1‚300‚000 of manufacturing overhead costs would be incurred. During the year‚ the company actually worked 24‚000 direct labor hours and incurred the following manufacturing costs: Direct materials used in production $1‚240‚000 Direct labor 1‚800‚000 Indirect labor 280‚000 Indirect
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assembly-support costs were $6‚520‚000‚ and the actual direct labor-hours were 163‚000. Required： 1. Compute the (a) budgeted indirect-cost rate and (b) actual indirect-cost rate. Why do they differ? 2. What are the job costs of the Laguna Model and the Mission Model using (a) normal costing and (b) actual costing? 3. Why might Amesbury Construction prefer normal costing over actual costing? Answer： 1. = = = $50 per direct labor-hour = = = $40 per direct labor-hour These two
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YOUR OFFSHORE BACK OFFICE SERVICES Ask Datatech is one of the most popular and leading data entry and back office service providers in India which has great amount of specialization in the field of Data Management online. It is one of the noted data entry service providers in India which is based in Ahmadabad. We strive hard to meet the needs and requirements of all our clients by setting up long standing corporate relationships. We have a huge amount of industry experience which can help
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Local Police Departments with Mandatory Four-Year Degree Requirements For New Hires: Are They Diamonds in the Rough? Diana Bruns Bacone College ***Contact information Diana Bruns‚ Ph.D. Department Chairperson and Professor‚ Criminal Justice Studies Bacone College 2299 Old Bacone Road Muskogee‚ OK 74403 brunsd@bacone.edu cell: 918-781-7295 office: 918-781-7295 **Diana Bruns is the Department Chairperson
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one clock period. a) T- State b) Instruction Cycle c) Machine Cycle d) All of the above Ans: a 40.At the end of the following code‚ what is the status of the flags. LXI B‚ AEC4H MOV A‚C ADD HLT a) S = 1‚ CY = 0‚ P = 0 ‚ AC = 1 b) S =0 ‚ CY = 1‚ P = 0‚AC = 1 c) S = 0‚ CY = 1‚ P = 0 ‚ AC = 1 d) S = 0‚ CY = 1‚ P = 1 ‚ AC = 1 41.In 8051 micro controller what is the HEX number in the accumulator after the execution of the following code. MOV A‚#0A5H CLR C RRC A RRC A RL A RL A SWAP AAbout CSC (www.csc.com/in):
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B C D Total Production volume (units) 10‚000 8‚000 6‚000 4‚000 Selling Price $15.00 $18.00 $20.00 $22.00 Materials/unit $4.00 $5.00 $6.00 $7.00 DLH/unit 0.24 0.18 0.12 0.08 Total DHL 2‚400 1‚440 720 320 4880 Plant overhead $122‚000 D/L rate/hour $30 Youngstown has a traditional cost system. It calculates a plant-wide overhead rate by dividing total overhead costs by total direct labor hours. Assume‚ for the calculations below‚ that plant overhead is
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