Lhamo Tatenda Lawfirm has two support departments, Administration and Info Tech, and two revenue departments, Civil and Contract. All costs are regarded as strictly variable. Administration allocates cost based on number of employees and Info Tech allocates cost based on service hours. For April, the following is available: Direct Costs Actual Activity: Employees Service Hours REQUIRED: 1. If the company uses the direct method for allocating support department costs to revenue departments, what is the total cost allocated to Civil? What is the total cost allocated to Contract? 2. Assume the company uses the step method for allocating support department costs to revenue departments. The company begins with allocating the Administration Department cost first. What is the total cost allocated to Civil? What is the total cost allocated Contract? 3. Assume the company uses the algebraic (reciprocal) method for allocating support department costs to revenue departments. What are the equations that will determine the total cost of the support departments? Support Departments Administration Info Tech $ 84,000 $ 35,000 192 6 Revenue Departments Civil $ 135,000 $ 75,000 12 Contract 576 6 192

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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.