t Company had the following information for the year: direct materials used: $1131,000 direct labor incurred: (5,350 hours) $158,000 actual manufacturing overhead incurred: $175,400   Kilt Company used a predetermined overhead rate of $44 per direct labor hour for the year and estimated that direct labor hours would total 5,885 hours. Assume the only inventory balance is an ending Work in Process balance of $17,400. How much overhead was applied du

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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.