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Tag: NECESSITY FOR CLASSIFICATION OF OVERHEAD INTO FIXED AND VARIABLE OVERHEADS

OVERHEAD

Posted on December 4, 2019 By commerceiets No Comments on OVERHEAD
OVERHEAD

OVERHEAD Overhead is the aggregate of indirect material costs, indirect labor costs and indirect expenses. These are those costs which cannot be allocated accurately but can be apportioned and absorbed to the cost centers or cost units. Overheads costs are also known as ‘ Supplementary costs’, ‘Non-productive costs’, ‘Indirect costs’ etc. ACCORDING TO BLOCKER AND…

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