Overhead assigned to KL37?

Q: what is the controversy in IFRS 8 Operating Segment?

A: Introduction: An essential piece of an entity that is a moneymaker has discrete financial available…

Q: Over absorption overhead occurs when ?

A: Introduction: Overhead absorption is the number of indirect expenses attributed to cost components.…

Q: Over absorption overhead occurs when ?

A: Over absorption :- Over Absorption means the actual Expenditure incurred lower then expected. For…

Q: What is an operating segment?

A: Operating segment: It is defined as providing information about the business actives with an…

Q: Define geometric-gradient-series?

A: When there is a change in the cash flows series whether it is positive or negative then the series…

Q: what are the process of system flowchart?

A: System flowchart is the diagrammatically representation of how data (or information) flows from one…

Q: What are IO and PO strips?

A: Mortgage-backed securities: The financial instruments intended in raising investment which is…

Q: Define operating cycle.

A: Definition:   Merchandising businesses: Merchandising companies that buy goods from suppliers, or…

Q: Explain how directmaterials standards and directlabor standards are set

A: Cost Standards: Cost Standards are prepared to analyze the variances between the actual and the…

Q: How to calculate Specification identification

A: Inventory is considered as the items that kept in a business for production or sale or production.…

Q: A type of bar chart used to display the data from a frequency distribution is called a histogram

A: Given statement  A type of bar chart used to display the data from a frequency distribution is…

Q: What are the 4 sources of Regular Output VAT?

A: The four sources of regular output VAT (Value Added Tax) are: Sales of goods or services: When a…

Q: What are the functions of the PCAOB?

A: Introduction PCAOB stands for Public Company Accounting Oversight Board. This is a private…

Q: How is RI calculated?

A:

Q: Draw the step of the accounting Cycle ?

A: The accounting cycle is the comprehensive process of documenting and processing all of a company's…

Q: What is multiple IRRs?

A: Multiple IRRs IRR is a discounting rate at which an amount of investment equals PV of the future CF.…

Q: What is underapplied overhead? Overapplied overhead?

A: The under applied overhead is explained as below,

Q: What does the word "overhead application rate" mean?

A: Overhead is a term that refers to a continuous   The term "overhead application rate" refers to the…

Q: What are the standard variable and fixed overhead rates?

A: Overhead is computed by dividing an allocation measure's overall indirect expenses (also known as…

Q: impact the price of MYR?

A: MYR: MYR refers to the Malaysian Ringgit. It is the currency used in Malaysia. The value of 1 MYR is…

Q: What is a reportable operating segment?

A: Operating segment is a segment of a company which can generate its own revenue and has its own…

Q: What is the LIFO conformity rule?

A: Last-in-First-Out (LIFO): In this method, items purchased recently are sold first. So, the value of…

Q: Write down the characteristics that defines operating segments.

A: Financial Accounting:   It refers to the process of recording the financial transactions of the…

Q: What is meant by underapplied overhead? By overappliedoverhead?

A: Actual overhead cost: These are the indirect manufacturing costs that are actually incurred while…

Q: Explain Calculating Total P System Costs?

A: Periodic inventory system also known as P system is a method of stock taking, where stock taking is…

Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.