Data Insights provides accounting services. The company computed the following activity rates using activity-based costing. The forensic accounting department has 10 employees, occupies 1,650 square feet, and completed 60 jobs. Activity Clerical support Activity Rate $ 750 per employee Building Supplies $ 70 per square foot $ 95 per job Compute overhead cost per job for the forensic accounting department. Activity Clerical support Building Supplies Total allocated cost Units produced (jobs) Overhead cost per job Activity Usage Activity Rate Allocated Cost

Q: Define BOM along with an example.

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A: Crj means cash receipt journal .

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Q: Describe about the LIFO and FIFO method.

A:

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Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.