Tag Archives | Absorption

Machine Hour Rate: Meaning, Types and Computation | Cost Accounting

In this article we will discuss about:- 1. Meaning of Machine Hour Rate 2. Types of Machine Hour Rates 3. Computation 4. Other Points to be Borne in Mind While Computing Machine Hour Rate 5. Advantages 6. Disadvantages. Contents: Meaning of Machine Hour Rate Types of Machine Hour Rates Computation of Machine Hour Rate Other Points to be Borne in [...]

By |2018-03-21T06:06:51+00:00March 21, 2018|Machine Hour Rate|Comments Off on Machine Hour Rate: Meaning, Types and Computation | Cost Accounting
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Absorption of Overheads: Meaning and Methods | Accounting

In this article we will discuss about the meaning and methods of overhead absorption. Meaning of Overhead Absorption: CIMA defines Absorption of Overheads as "the process of absorb, overhead costs allocated or apportioned over a particular cost centre or production department by the units produced". Absorption of overheads refers to charging of overheads to individual products or jobs. It is [...]

By |2016-12-12T08:06:17+00:00December 12, 2016|Overheads|Comments Off on Absorption of Overheads: Meaning and Methods | Accounting
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