PPT-Maximizing Your FAR Overhead Rate

Scott Sutton CPA CDA MSA a nd Ken Hedlund CPA CGMA Lesson Topics Categories of Cost Pools Cost Principles and Procedures Specific Costs Deferred Compensation Learning Outcomes. Licensed Electrical & Mechanical Engineer. BMayer@ChabotCollege.edu. Chabot Mathematics. §8.2 Trig. Derivatives. Review §. Any QUESTIONS About. §8.1 → Trigonometric. Functions. Any . QUESTIONS . ©2015. University . of North Florida. All rights reserved. . Manufacturing Overhead Variances. Managerial Accounting. Prepared by Diane Tanner. University of North Florida. Chapter 46. Flexible Budget Overhead. 5. Job Order Costing. COPYRIGHT © . 2012 Nelson Education Ltd.. Learning Objectives. Describe the difference between job-order costing and process costing and identify the types of firms that would use each method. Overhead Rates and Overhead Analysis in a Standard Costing System. Appendix 8A. Learning Objective 8-7. Compute and interpret the fixed overhead budget and volume variances.. Budget variance. Fixed Overhead Budget Variance. Analysis. Chapter 17. Copyright © 2016 McGraw-Hill Education.  All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.. Wild, Shaw, and . Chiappetta. University of North Florida. ACG 4361. 1. Allocating . Indirect Costs:. Simple Costing & ABC. 2-2. Stage 2 Cost Allocation. Stage 1. Allocate Support Costs to Cost Pools. Stage 2. Allocate Production Cost Pools to Cost Objects. Appendix 10A. Learning Objective 4. Compute . and interpret the fixed overhead budget and volume variances.. Budget variance. Fixed Overhead Budget Variance. Budget. variance. Budgeted. fixed. overhead. . New technology introduced terms like multimedia, hypermedia, etc. But let us admit that technology divide is real. Many schools especially those who have not been reached by electricity for one reason or another, do not have a computer. A few schools maybe bountifully blessed with computers and computer-literate teachers. But most schools are not as blessed. They may have at least one computer but teachers may have not been trained to use it. As a result, they resort to the chalkboard, the most available classroom equipment and the overhead projector which has become quite popular in schools.. University of North Florida. ACG 4361. 1. Accounting for Manufacturing Overhead. 1-4. Assigning Costs to Cost Objects.  . Actual Costing. Normal Costing. Standard Costing. Direct Materials. Actual. Actual. Systems Design: . Activity Based Costing. Learning Objective 1. Understand the basic approach in activity-based costing and how it differs from conventional costing.. When cost systems were developed in the 1800s, the emphasis was on simplicity because:. . How . Do . Manufacturing . Companies Use Job Order and Process Costing Systems?. Product costs are accumulated in cost accounting systems. . Knowing unit costs help managers:. Set selling prices that will lead to profits. Computation of machine hour rate(. mhr. ). MHR refers to the overhead cost of running a machine for one hour. Steps for computation:. 1. The overheads concerning the machine are divided into fixed & variable overheads. Fixed are those that remain constant irrespective of the use of the machine . Absorption of factory overheads. Introduction: . Once departmentalization (both primary & secondary) is completed , the total overhead cost pertaining to a production department or cost centre is to be charged to the cost of products cost units.. Production Processes. Unit production.. Physically identifiable job (e.g., shipbuilder, consulting job).. Batch (or lot) production.. Batch of identical items moves from one factory work station to another (e.g., 100 fuel injectors)..