fixed costs

Fixed cost is a cost that does not modify with an increase or decrease in the amount of goods or services produced. Fixed costs are everyday expenditure that has to be paid by a company, self-governing of any business goings-on. It is one of the two mechanism of the total cost of a good or service, along with variable cost.

Manufacturing Overhead Budget

Manufacturing Overhead Budget: Learning Objective of the article: Define and explain manufacturing overhead budget. Prepare a manufacturing overhead budget. The manufacturing overhead budget provides a schedule for all costs of production other than direct materials and direct labor. Example of a Manufacturing Overhead Budget: