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Treatment of Administration Overheads: With Formula and Examples

In this article we will discuss about the treatment of overheads: 1. Administration Overhead 2. Selling and Distribution Overhead 3. Research and Development Expenses. Administration Overhead: The administration division of an organisation lays down policies and oversees the implementation of the policies. The main function of this division is planning and organising and control of various activities. This differentiates the [...]

By |2018-06-18T11:02:01+00:00June 18, 2018|Overheads|Comments Off on Treatment of Administration Overheads: With Formula and Examples

Overhead Absorption: Rate, Examples, Formula and Methods

The following are the various methods and techniques of absorbing manufacturing overhead: 1. Direct Material Cost Method 2. Direct Labour Cost (or Direct Wages) Method 3. Prime Cost Percentage Method 4. Direct Labour Hour Method 5. Machine Hour Rate Method 6. Rate per Unit of Production Method 7. Sale Price Method. Overhead Absorption: Rate, Examples, Formula and Methods Method # [...]

By |2018-06-18T11:02:01+00:00June 18, 2018|Overheads|Comments Off on Overhead Absorption: Rate, Examples, Formula and Methods

Partnerships: Advantages and Accounting

In this article we will discuss about:- 1. Partnerships—Advantages and Disadvantages 2. Partnership Accounting—Capital Accounts. Partnerships—Advantages and Disadvantages: The popularity of partnerships derives from several advantages inherent to this type of orga­nization. An analysis of these attributes explains why nearly 3.6 million enterprises in the United States are partnerships rather than corporations. One of the most common motives is the [...]

By |2018-05-16T07:35:55+00:00May 16, 2018|Partnership|Comments Off on Partnerships: Advantages and Accounting
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