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Details

Overheads are indirect Costs. Indirect Cost cannot be traced to any unit. These costs are incurred for a number of units and so cannot be identified with a cost unit. Indirect costs are those which cannot be allocated to any particular cost unit but is generally apportioned to or absorbed by cost units on a suitable basis. Overhead is also known as “on cost, burden or load”.

Outline

The objectives of costing for overheads are:

1. For determining the actual cost of a product, overheads are to be charged indirectly to the product.

2. For identifying overheads with cost centres, or for the purpose of cost control, overheads have to be identified and charged to the final output.

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Citadel for Technological and Engineering Dev. (CITED), a leading organisation in rendering quality service in Corporate Training, Manpower Development and Continued Professional Development (CPD) of Engineers, Technologist and Technicians have been in existence for over twenty years bringing quality service to Nigerians and Nigerian Engineers. Our portfolio of programs is renowned for its breadth and depth of focus, the caliber of its speakers, its interactive, practical and result-orientated nature, and the diverse and national range of participants. It is an excellent networking opportunity.

CITED programs also offer concrete toolkits of effective and practical techniques, strategies and skills to take away. The content continually evolves in response to new business. Our workshops are designed specially for individuals interested in or currently using engineering/technical expertise/skills and technologies to solve their organisation challenges.

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