Question: I am getting confused by manufacturing overhead. it includes direct labor, direct materials and manufacturing overhead? Can i use the term overhead instead b/c it

I am getting confused by manufacturing overhead. it includes direct labor, direct materials and manufacturing overhead? Can i use the term "overhead" instead b/c it is confusing me. And now we are learning about fixed manufacturing overhead and variable manufacturing overhead, which is a bit confusing too.. Any , i know what fixed and variable mean, but does this mean we have to break out the manufacturing overhead like we do w direct and variable costs? My explanation sucks. Sorry. Thank you

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Bridgeport Company uses a flexible budget for manufacturing overhead based on direct labor hours, Budgeted variable manufacturing overhead costs per direct labor hour are as follows. Budgeted fixed...

The Purpose of the Romeo Engine Plant is to produce the highest quality production engines in the world that meet all of our customers' requirements at a cost lower than the competition, and to...

Requirment 7 : From a young age, Julie has always loved to bake. Julie went to culinary school to become a professiona baker and open her own bakery. Although Julie has many skills in the kitchen,...

Please answers attached questions and limited time. A plant has two departments, Machining and Assembly. This year's budget for the plant contained the following information. Machining Assembly...

Please answer all the questions, thanks! Q1 . [4% of test] On the line in front of each statement, enter the letter corresponding to the term that best fits that statement. Term A: Planning. Term B:...

a. Calculate the total manufacturing costs and the cost per unit of the windows produced during the month of July (using the activity-based costing approach). (Round "Cost per unit produced" to 2...

ACC 102 1 . Cash receipts from sales equals sales minus a(n) a. decrease in accounts payable. b. decrease in accounts receivable. c. increase in accounts receivable. d. increase in accounts payable....

Page 1 Question 1. 1. (TCO 1) Which of the following is NOT a difference between Financial Accounting and Managerial Accounting?(Points : 7) Financial Accounting is concerned with the past, while...

How do decisions concerning span of management, the use of committees, and coordination techniques affect organizational structure?

Jupiter Insurance Co. is a regional insurance company that began operations on January 1, 2010. The following transactions relate to trading securities acquired by Jupiter Insurance Co., which has a...

Find the derivative o f the function. f ( x ) = x 3 - 9 x + 8 x - 3 f ' ( x ) =

Extended Warranties Dos Passos Company sells televisions at an average price of $900 and also offers to each customer a separate 3-year warranty contract for $90 that requires the company to perform...

A version of the dice game "craps" is played in the following manner. A player starts by rolling two balanced dice. If the roll (the sum of the two numbers showing on the dice) results in a 7 or 11,...

Physicians and pharmacists sometimes fail to inform patients adequately about the proper application of prescription drugs and about the precautions to take in order to avoid potential side effects....

The following are three independent situations. 1. Hairston Stamp Company records stamp service revenue and provides for the cost of redemptions in the year stamps are sold to licensees. Hairston's...

The American Journal of Public Health (Jan. 2002) reported on a study of elderly wheelchair users who live at home. A sample of 306 wheelchair users, age 65 or older, were surveyed about whether they...

kindly answer 1&2 and cite sources Case 18.2 Mod Cloth Offers Vintage Clothing Online and Offline Susan Gregg's closet was stuffed with vintage clothing and shoes. She couldn't possibly wear them...

2. Find five metaphors for communication.

5. Starting with a motive you may have for acting the way you do in a particular situation: a) What purpose did you seek to achieve? b) Which aspects of your past and your surroundings influenced...

3. (Constructing a metaphor about something can be done by comparing it to something else by using the word is. For instance, Communication is a bridge between people.