Word Count : 1025

---

Overhead accounting refers to the systematic process of identifying, collecting, classifying, allocating, apportioning, and absorbing indirect costs incurred in the production of goods or rendering of services. Overheads are those costs which cannot be directly traced to a specific cost unit, cost centre, or job in an economically feasible manner. These include expenses such as factory rent, supervision salaries, depreciation of machinery, power, lighting, insurance, and administrative expenses. Since these costs are essential for production but are not directly attributable to a single unit of output, a scientific method is required to distribute them fairly among different cost centres and cost units. Overhead accounting thus ensures accurate cost determination, effective cost control, and meaningful managerial decision-making. In cost accounting, overheads are generally classified into three broad categories: factory or manufacturing overheads, administrative overheads, and selling and distribution overheads. Manufacturing overheads relate to production activities, administrative overheads pertain to general management and office functions, and selling and distribution overheads are associated with marketing and delivery of goods. Proper accounting of these overheads is necessary to ascertain the true cost of production and to fix appropriate selling prices. The first step in overhead accounting is classification of overheads. In this stage, indirect costs are grouped according to ____ ___ ______ _______ ____ _____ _____ _____ _______.
_______ _________ _________ ________ ___ ______ ________ ___ _______.
_______ ______ _________ _________ _________ _______.
_____ ____ ____ ___ ______ _______.
________ ___ ________ ____ _________ ________ ___ ____ ___ __________.
____ _______ _______ ______ _______ ______ _____.
____ _____ _________ _______ ___ ________.
_______ ____ ________ ______ ___.
______ __________ __________ ______ ___ ____.
_______ ______ ____ _____ _______ ______ ______ ______.
_______ _________ ____ _________ _________ _______ _____ _________ _____ ____ ____.
___ _____ ____ ________ ______ ______ ____.
________ _________ _____ _______ ________ ________ ____ _______ _____.
_____ _________ _________ _________ ____ ______ _______ _______ _________ _________.
_______ ______ _____ ____ _________ _________ ________.
________ _____ ______ ______ _______ ___ ___ __________ _________ ________ __________.
___ ______ _________ __________ ____ _________ _______ _____ ______ ______ __________ ____.
_____ _________ ____ _______ _____ ________ _______ ______.
__________ _____ _____ ________ _________ ____ ____.
_______ ____ _______ ________ ___ ___ ______ ____ ______.
______ __________ ___ ____ __________ ________ __________ _________ _____ _______ ____ ____.
____ ____ ________ _____ ___.
_________ _______ _____ ________ _____ ____ _______ _______ _____.
___ _________ _____ ____ _____ ________ _________ _______.
__________ __________ ________ __________ _______ __________ ____.
__________ ________ ______ _____ ______ _______ ________ ____ _______ _________ _______ ___.
_____ _____ __________ ______ _________ __________ _______ _____.
______ _____ ________ _______ ____ _________ ______ ________ ___ __________ __________ ________.
_____ _______ _________ ________ __________.
______ _________ ___ __________ ___.
________ ______ _________ _________ ______ ________ __________ _____ ________.
_________ _______ _______ __________ ____ ________ _________ ______ ________ _________.
________ __________ _________ _____ ______ ________ ______.
___ ______ ________ ______ ____.
_________ _____ ___ _________ _________ _______ ___ _________ __________.
____ ___ _________ ________ ____ _________ __________ ___ __________ ________ __________ _______.
_____ ________ ____ ______ ___ ____ _____ ______ __________ __________ ____.
_______ ____ ___ ________ ___ _________ _________ _________ ___.
______ _______ ________ ___ _________ _____ ___.
_____ __________ _________ _______ ______ ____ ____ _____ ______ __________ __________.
_____ _____ ________ __________ ________ __________ __________ _____.
______ ________ _____ ________ ____ ____ __________ ___ ________.
____ ______ _____ __________ _________ _________ _____ _____.
_______ _____ _______ _____ ________ ___ ____ _____ _________.
__________ ___ ___ __________ _____.
________ _____ ______ ____ ________ ___ __________ __________ ____ ________ _______.
_______ ________ ____ _____ _____ ____ ____ ___ ____ ____ ________.
__________ ______ ________ _______ ____ ______ _____.
___ _____ _______ _____ ________ ___ ______.
____ ____ _____ _______ _________ _______ ____ ________ _________ _____ _____ ___.
__________ _____ _____ _______ _________ _________ _____ _______ ______ ___ ____.
__________ _________ ___ ______ ___ _______ _____ ___.
_______ _______ _______ ______ _____ _________ _________ _______ _______ _____.
___ _________ ______ _______ _________ ___ ___ ________ ____ __________ ________.
___ ________ ___ _________ ____.
________ __________ _______ _______ ___ ____ ________ _______ _____.
__________ __________ __________ ______ ___ _____ ________ _______.
____ ___ _______ _______ ______ _________ _________.
______ _________ ________ __________ _____ _______ __________ ________.
_____ _____ _______ _______ ________ ____.
__________ __________ ________ _________ ________ ________ _______ _____.
____ ___ _____ ______ _____ __________ ________ ________.
_____ ____ __________ _________ _________ ________ _________ _________ _____ _____ __________.
__________ _________ ______ ________ __________ ______ ______ __________ ________ ______ ______ _________.
____ ________ _______ ____ _______ ____ _____ _________ ___ _______ ____ __________.
____ ___ ___ ____ _________ ______.
_______ __________ _______ ________ ____ __________ ________ _____ ____.
_____ _________ _____ _____ ____ _______.
________ ____ ______ __________ _____ ______ ______ _________ ___ __________ ____ _________.
____ _____ _______ ___ ______ ______ ________ ______ ______ ___ _______ ___.
________ __________ _____ _________ _______ _________ ________ _____.
____ ___ ________ ________ _________.
________ ___ ____ ___ ___ _________ ______ ___ _______ __________ _____ ________.
__________ __________ __________ ______ _________ _______ ________ ____ ______ _______ ___.
___ ___ ______ ______ ________ ____ __________.
_________ _______ ________ _______ ___ __________ _________ _____.
________ _______ ___ _________ ______ _______.
________ _________ __________ _______ ___ ____ ________.
______ ____ ____ ___ _______ ______ ______ ___ ___ __________.
__________ __________ _________ ______ ________ _____ _________ _______.
____ _____ ______ ____ ________ ________.
___ ______ _______ ________ _____ _______.
____ _________ ________ ______ ________ _____ _____.
_____ _______ _____ _________ ____ _______.
_____ __________ _______ ______ ___ _____ ___ ____ _____ ____ ___.
_______ __________ _______ ____ ____ _____ ________ ________ _________ _______ _______ __________.
_______ ______ ___ ____ ________ _________ ___ ______.
_________ ___ ___ __________ _______ _______ _________.
_________ ____ ___ ___ ________ __________.
_____ __________ ___ _______ ________.
_______ _______ ________ ___ __________ ________.
__________ _________ _________ ___ __________ ________ ________.
______ __________ _______ ______ _____ _______ ___ ___ ________ _____ _____ ______.
_____ ________ _______ ____ _____ _____ ________.
_______ ______ ____ _________ _____ _______.
__________ _______ __________ ___ ______.
_______ __________ ___ __________ _____ __________ _______ _________ ___ __________ _______ _______.
________ ___ ________ ______ _________ ___ __________.
Get Full Answer on WhatsApp