Advanced Cost Accounting: Assigning Overhead

John L. Daly, MBA, CPA, CMA, CPIM, Executive Education Inc.

Organizations that use primitive costing methods make predictable mistakes, allocating too much cost to easy, high-volume “gravy” products and too little cost to difficult, low volume “dog” products. This puts the organization with inferior information at a significant disadvantage against a competitor who has a better cost model. The secret to having a great cost model is learning how to deal with overhead.
This session will show you how to assign 16 key categories of overhead. Whether you work in a wholesale, retail, health care, service or manufacturing business. Get your costing right and you will be able to give the “dogs” to your competitors and keep the “gravy” for yourself.