EFT Debits are processed in the evening. Intecon provides access to a service that gives the business or organisation the ability to verify the bank account details prior to loading the payment instruction.
Whereas the cost variances for direct materials, direct labor, and variable overhead all use the same two formulas, the cost variances for fixed overhead are different, and do not use these formulas at all.
This process involves estimating an overhead rate and production volume that will apply to the coming fiscal year: 1  The type of overhead costs must be determined and classified as variable, fixed, or mixed. 2  An activity base is chosen as a means for allocating overhead costs to production units. more information...