06 Feb 1. Discuss the statement the impact of overheads u
1. Discuss the statement the impact of overheads under varying conditions of production and sales is of greater interest to the management than its method of apportionment and allocation.2. State in short the reasons for the use of predetermined rates for factory overheads absorption.3. Distinguish between cost allocation, cost apportionment and cost absorption.4. What is the meaning of under/over absorption of overheads’? What are the causes for the same?5. How will you treat the under/over absorption of overheads’ in cost accounts?6. Explain the nature of administration overheads. How are they apportioned?7. Discuss the methods of absorption of selling and distribution overheads.
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