OVERHEAD ANALYSIS
K.MATHANKUMAR,
Assistant Professor,
PG and Research Department of Commerce,
C.P.A College,
Bodinayakanur.
K.MATHANKUMAR, Assistant Professor, PG and Research Department of Commerce, C.P.A College, Bodinayakanur.
Meaning of Overhead
Definition of Overhead
Any Expenditure over and above the prime cost is known as overhead. All the indirect expenses are included in overhead.
“ Total Cost of indirect materials, wages and expenses”
- ICMA
K.MATHANKUMAR, Assistant Professor, PG and Research Department of Commerce, C.P.A College, Bodinayakanur.
1
Collection of overhead
4
Re-apportionment of service department costs to production department.
2
Classification of overhead
5
Absorption of overhead by production units
3
Allocation and apportionment of overhead
Step involved in Overhead accounting
THANKING YOU
K.MATHANKUMAR, Assistant Professor, PG and Research Department of Commerce, C.P.A College, Bodinayakanur.