The following information applies to the questions displayed below.]   The following information is departmental cost allocation with two service departments and two production departments.         Percentage Service Provided to Department Cost S1 S2 P1 P2 Service 1 (S1) $ 40,000     0 %   25 %   30 %   45 % Service 2 (S2)   31,000     20     0     20     60   Production 1 (P1)   210,000                           Production 2 (P2)   260,000         What is the total cost in P1 and P2 and what is the amount of service department cost allocated to P1 and P2 using

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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.