Amity School of Business Amity School of Business

Amity School of Business Amity School of Business

Amity School of Business Amity School of Business BBA, III SEMESTER COST AND MANAGEMENT ACCOUNTING Ms. Soumya Pandey 1 Module 3 Amity School of Business

OVERHEAD ALLOCATION & ABSORPTION 2 OVERHEADS Amity School of Business According to CIMA, London

Overhead is an aggregate of indirect material, indirect wages and indirect expenses. These are the cost that have to be incurred although, they have no directly measurable relationship to specific units, production or cost objectives. 3 Stages In overhead distribution

Amity School of Business 1. Classification of Overheads 2. Departmentalization of overheads through allocation and apportionment 3. Absorption of overheads 4 Amity School of Business

Classification of Overheads Classification is concerned with the arrangement of items in logical groups having regards to their nature or purpose. Overheads are divided intoo Factory overheads o Office and Administration Overheads o Selling and Distribution Overheads 5 Departmentalization of Overheads

Amity School of Business Departmentalization refers to the allocation and apportionment of overheads among various departments. i.Allocation of overheads: There are certain overheads which can be directly estimated for different departments. Eg- Wages paid to indirect labour, depreciation etc, such should be directly charged to the department, in which it is incurred.

6 Amity School of Business ii. Apportionment of overheads 7

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