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Activity Based Costing

Activity based costing is a method of identifying and costing activities, services, and products based on frequency. It is used to allocate manufacturing overhead costs in a more thorough and detailed manner than methods based on direct hours or machine hours. Activities are costed when they contribute to the overhead and are then directly allocated […]

Overhead Costing

Overhead refers to ongoing or operating expenses necessary to running a business, outside of labor. Essentially, it concerns indirect costs such as fees related to legal or accounting, insurance, rent, supplies, utilities, and advertising. Manufacturing overhead refers to the costs necessary to running a factory, outside of material acquisition and labor. Examples of manufacturing overhead […]

Break-Even Point

The break-even point is the point in time where total revenues and total expenses become equal, with no amount higher than the other. At this point, all costs have been paid, but there are no profits. For most businesses, breaking even consists of selling a certain amount of product each month. If over this amount, […]

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