How to allocate fixed overhead in product cost sheet

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Trainee
50 Points Posted on 23 October 2013

Respected Sir,

How to allocate Fixed Overhead In Product Cost Sheet

Please Guide me.

Thanks in advance

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On 23 October 2013 at 12:02 Report
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Cost Accountant
62 Points Posted on 23 October 2013
Overheads should be compulsorily classified in fixed and variable basis.  as absorption treatment of fixed and variable overheads are different.
 
Fixed overheads should be absorbed on the products on normal capacity of the company.
 
Variable overheads should be absorbed on the products on actual capacity utilization.
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On 23 October 2013 at 13:02

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