Gain an understanding of overhead allocation and its role in assuring projects are profitable.
This topic will include a clear definition of what costs are actually overhead to be applied to jobs. The information will define the specific costs that are direct vs. those that are indirect as part of the overhead total costs to be allocated. Then we will look into the various methods to allocate overhead with a few key case studies on how the method you choose will impact each jobs profitability, and the practical applications you can use in your daily roles and apply to your business.
- You will be able to discuss the importance of planning and budgeting your costs.
- You will be able to describe direct costs.
- You will be able to identify indirect costs.
- You will be able to review case studies.