Scribd Logo
Upload

Welcome to Scribd!

  • "Overheads": Submitted To:-Dr. Jitendra Kumar Submitted By: - Tazeen Khan

    Uploaded by

    Tazeen Khan
    2 views8 pages
    This document discusses overhead accounting. It defines overheads as the total cost of indirect materials, indirect labor, and indirect expenses that cannot be directly associated with a specific cost unit. Overheads are classified by function into manufacturing, administration, selling and distribution, and R&D. They are also classified by behavior as fixed, variable, or semi-variable and by element as indirect material costs, indirect labor costs, or indirect expenses. The key steps in overhead accounting are collecting overhead details, distributing overhead to cost centers, and reapportioning service department costs to production departments. Overhead costs are apportioned, or distributed, across departments and cost centers.

    Original Description:

    Original Title

    Untitled

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document discusses overhead accounting. It defines overheads as the total cost of indirect materials, indirect labor, and indirect expenses that cannot be directly associated with a specific cost unit. Overheads are classified by function into manufacturing, administration, selling and distribution, and R&D. They are also classified by behavior as fixed, variable, or semi-variable and by element as indirect material costs, indirect labor costs, or indirect expenses. The key steps in overhead accounting are collecting overhead details, distributing overhead to cost centers, and reapportioning service department costs to production departments. Overhead costs are apportioned, or distributed, across departments and cost centers.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    2 views8 pages

    "Overheads": Submitted To:-Dr. Jitendra Kumar Submitted By: - Tazeen Khan

    Uploaded by

    Tazeen Khan
    This document discusses overhead accounting. It defines overheads as the total cost of indirect materials, indirect labor, and indirect expenses that cannot be directly associated with a specific cost unit. Overheads are classified by function into manufacturing, administration, selling and distribution, and R&D. They are also classified by behavior as fixed, variable, or semi-variable and by element as indirect material costs, indirect labor costs, or indirect expenses. The key steps in overhead accounting are collecting overhead details, distributing overhead to cost centers, and reapportioning service department costs to production departments. Overhead costs are apportioned, or distributed, across departments and cost centers.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 8

    “OVERHEADS”

    BBA llnd
    Download Apna app https://l.apna.co/OXvDzjrrjrb
    COST ACCOUTING
    UNIT 3rd

    SUBMITTED TO:-

    DR. JITENDRA
    KUMAR

    SUBMITTED BY:-
    What are overheads?
    The CIMA definition-

    " The total cost of indirect materials , indirect labor and indirect
    expenses . In short , it is the cost of materials , labor and expenses
    that cannot be economically identified with specific saleable cost
    unit."
    Classification of Overheads

    • Manufacturing

    1. • Administration

    Function •
    Selling & Distribution
    • R&D
    Classification of Overheads

    • Fixed
    2. • Variable
    Behavior • Semi-Variable
    Classification of Overheads

    3. • Indirect Material cost


    • Indirect Labor Cost
    Element • Indirect Expenses
    Steps on Overhead Accounting
    The various steps in an overhead accounting are:-

    • Collection of overhead details.


    • Distribution of overhead to cost center.
    • Reapportionment of service department costs to
    production departments.
    Apportionment of overheads

    Distribution of overhead cost to


    several departments or cost
    centers is known as
    apportionment of overheads.
    THANK YOU

    You might also like