Accounting
-
Which are General Factory expenses and Janitor Labor expenses?
General Factory expenses: Certain expenses other than those discussed above come under the category General Factory expenses because they cannot…
Read More » -
Methods of allocation of utility costs to producing departments
The number and types of service departments in a company depend on its operations and the degree of expense control…
Read More » -
Allocating services department cost to producing departments
ALLOCATION OF SERVICES DEPARTMENT OVERHEAD TO BENEFITING DEPARTMENTS: The expenses of services department must ultimately be transferred to producing departments…
Read More » -
Methods of Charging Depreciation to Departments
Methods of Charging Depreciation (Equipment): Depreciation is usually a cost not controllable by departmental foremen. However, their use of equipment…
Read More » -
Charging Repairs and Maintenance Costs to Products
Repairs and Maintenance costs: With respect to repairs and maintenance costs, it is essential (1) to establish control over the…
Read More » -
How should Manufacturing Supplies be treated in Cost Accounting?
Charge to Inventories: When closer control of manufacturing supplies is required or when more than one department uses certain manufacturing…
Read More » -
Difference Between Direct And Indirect Materials
Indirect Materials and Factory Supplies. Distinguishing incorrectly between direct and indirect materials (the latter being part of overhead) has the…
Read More » -
How To Categorize Direct Departmental Overhead Costs
Direct departmental overhead costs: Inasmuch as overhead is allocated to all products, a lax or incorrect classification results in direct…
Read More » -
Why Do We Allocate Service Department Costs To Production Departments
The Reason why Service Department Costs are Often Allocated to Producing Departments: The selection and designation of service department has…
Read More » -
What Are Producing Department And Service Department
What are producing department and service department? Division of the factory into separate, interrelated, and independently governed units is important…
Read More »
