Small businesses that manufacture products are required to account for all of the costs of production. One of these costs, overhead, is the cost of production that cannot be individually traced to ...

The over and under application of manufacturing overhead is a consequence of using estimates in managerial accounting to calculate product costs throughout the year. By using estimates, companies are ...

Costs in a business are traditionally divided into operating and administrative categories. Both are necessary for the company, but operating costs are closely tied to specific products and services ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

FirstEnergy wants to add $108 million to the rates paid by customers of its Ohio utilities so the company can avoid taking a ...

Chief financial officers hope to control costs in 2026 while still expanding revenue, according to a new survey. The survey, released last week by Gartner, indicated that CFOs are entering the 2026 ...

There's more than one way to account for Research and Development (R&D). A business using the accrual method of accounting will treat R&D costs as expenses. A business contracted to undertake R&D for ...