🏭Manufacturing Cost Formulas
Applied Overhead
Predetermined OH Rate × Actual Activity Level = Applied Overhead
What It Means
Overhead charged to products based on actual production.
Related Formulas
Prime Costs
Direct Materials + Direct Labor = Prime Costs
Conversion Costs
Direct Labor + Manufacturing Overhead = Conversion Costs
Total Manufacturing Costs
Direct Materials + Direct Labor + Manufacturing Overhead = Total Manufacturing Costs
Cost of Goods Manufactured (COGM)
Beginning WIP + Total Manufacturing Costs - Ending WIP = COGM
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