Question 21 of 67
Q.Define codification of overhead.
ChseodishaCHSE Odisha Plus Two (Class 12) Commerce Board 2019Subjective· 2mImportance★★★★★est
31% · 21/67 Questions
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Start your 14-day free trial to unlock the full solution →Codification of overhead = allotting a unique code (number/symbol) to each overhead item for quick, error-free collection and analysis.
Codification of overhead is the process of giving each overhead item (or standing order/cost-centre group) a distinctive code — numerical, alphabetical or a combination. Instead of writing long descriptions, each expense is booked against its code.
Advantages:
- Saves clerical time and avoids confusion/duplication. …
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