The Flounder Division operates as a profit center. It reports the following for the year ending De Sales Variable costs Controllable fixed costs Noncontrollable fixed costs Budgeted $1,800,000 720,000 445,000 225,000 Actual $1,701,000 684,000 445,000 225,000 Prepare a responsibility report for the Flounder Division at December 31, 2022. FLOUNDER DIVIS Responsibility Re

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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.