Our Recommendations :-
Follow CA Final FB Page

Types of overheads

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Uma asked over 2 years ago

    0       0 Answer Now Comment Report
5 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 CA Sandeep Bohra answered over 2 years ago

> Types of Overheads --Cost pertaining to a cost centre or cost unit may be divided into two portions direct and indirect. The indirect portion of the total cost constitutes the overhead cost which is the aggregate of indirect material cost, indirect wages and indirect expenses. CIMA defines indirect cost as “expenditure on labour, materials or services which cannot be conveniently identified with a specific saleable cost per unit.” --The various classifications are: **(i) Functional classification,** (a) Manufacturing Overhead, (b) Administration Overhead, (c) Selling Overhead, (d) Distribution Overhead, and (e) Research and Development Expense **(ii) Classification with regard to behaviour of the expenditure,** (a) Fixed overhead, (b) Variable overhead, (c) Semi-variable or Semi­-fixed overhead. **(iii) Element-wise classification,** (i) Indirect Materials; (ii) Indirect Labour; and (iii) Indirect Expenses **(iv) Classification according to nature of expenditure**

    0       0 Comment Report
Important Note – Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below – 
For any questions Request A Call Back  
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 lochan answered over 2 years ago

**TYPES OF OVERHEADS** As per elements Indirect material Indirect labour Indirect expenses As per function MAnufacturing or factory overheads Administration or office overheads Selling overheads Distribution overheads As per behaviour Fixed overhead Variable overhead Semi-variable overhead Thanks

    0       0 Comment Report
Data?1494421730 rohit awasthi answered over 2 years ago

Hello Overhead The The CIMA defines overhead cost as "the total cost of indirect materials, indirect labor and indirect expenses. In short, it is the cost of materials, labor and expenses that can not be economically identified with specific saleable cost unit. Types

    3       0 Comment Report
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 ROSHNI answered over 2 years ago

Hello types of Overheads Production overheads Relates to those indirect costs incurred to produce the products Examples: indirect materials, indirect wages, factory rent and factory insurance and factory depreciation of plant and machinery Administration overheads Relates to those costs on office/administrative supports. Examples: office salaries, stationery, office rent, office maintenance, audit fees Selling overheads Relates to those costs on the selling of the products Examples like salesmen’s salaries, commissions, incentives and traveling expenses.

    1       0 Comment Report
Open uri20170510 32134 tcchcu?1494421832 Jitendra Suthar answered over 2 years ago

Hiii friend.... Classification Of Overheads --------------------------- Overheads can be classified on different basis. The common basis of classifying overheads are as follows. **1.Classification Of Overheads Based On Function** * Manufacturing Overheads * Non-manufacturing overheads **2.Classification Of Overheads Based On Behavior** * Fixed Overheads * Variable Overheads * Semi-variable Overheads * Semi-fixed Overhead **3. Classification Of Overheads Based On Elements** * Indirect Materials * Indirect labor (Wages) **4. Classification Of Overheads Based On Control** * Controllable Overheads * Uncontrollable Overheads Regards, Jitendra Suthar

    1       3 Comment Report
Get Notifications
Watch best faculty demo video classes

These top faculty video lectures will
help u prepare like nothing else can.