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When do you Allocate Variances to Inventory?
For those manufacturing companies that are operating with a costing system that creates variances on a periodic basis, one of the questions we frequently hear has to do with when and how do I allocate...
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Putting Forth the Effort DOES Pay Off in the End
As Bill mentioned in our previous post, we recently gave a seminar on the current trends in cost accounting. One of the attendees discussed how to determine the allocation of fixed overhead. He...
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What is the Deal With Overhead In Inventory?
A few days ago I got a call from an old friend who is working as a CPA in another state. Although he doesn’t do much manufacturing work, he has several clients who are manufacturers. One of these...
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Should Labor Be Included?
We are currently working with a client who is in negotiations with a customer regarding the pricing of products. Our client is an automotive-related business and their customer is demanding information...
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Overhead Calculations and Inventory
One question we often hear is, who must include overhead in their inventory, how much should be included, and how should it be calculated? There are three important factors associated with overhead and...
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