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# What are three reasons that overhead must be allocated to products?

You will not have an accurate cost for the product if you do not apply overhead to it.
e.g., materials + labor + overhead = cost

Given that you know how much you sell a product for, you will not know your profit margin if you do not know your product costs, which include o/h. Profit margins (percentages) are used in decision-making in very fundamental ways: "If we're not making 20?then we shouldn't be doing it!" So I guess this means allocate o/h to products to aid in decision-making.

The last one I will say is the most difficult of all. I oversee a a construction company, a concrete plant, and a portfolio of commercial and residential real estate. For the concrete company, I have determined an overhead cost per unit of concrete sold... e.g., take last 4 years of accounting data and apply average o/h to the smallest normal unit of product sold. This only works because one unit of concrete is equal to any other unit of concrete.

You cannot localize overhead costs on the construction side without spending more time (MONEY) on localizing them than the information is worth. When a product is standard (like a can of beans) you can justify spending the time to determine the product's overhead cost.

When you consider a large industrial building with multiple side projects associated with that job, it becomes not-cost-efficient to be 100?ure how to allocate overhead. I'm sure Lockheed Martin would cringe at what I just said, so I'll say this applies to small business.

What you do is use historical data to determine the average overhead cost as a percentage of operating income. Let's say overhead on average is 20?f operating income. That means if you want to make 10?rofit, you must bid a job (cost-plus it) by 30?

You will have to figure out how that is the third reason for your question. In a more complicated business where products sold are not identical (i.e. eggs are eggs mostly; buildings are not buildings), you must determine a GROSS PROFIT MARGIN (lacking o/h) and then add the derived o/h cost to your required profit margin during the bidding process for NEW jobs (products).

Hopefully then you will make a profit on that job.

I think the best reason of all for overhead, whether it's a standard product or a complex job, is that the knowledge of overhead and how it interfaces with your business practices aids managers in making good business decisions.

I can say for our concrete plant that (trust me) by the hour of labor OR cubic yard of concrete sold, you should apply an O/H cost of \$15.72 per unit to determine our cost.

For the construction company, I say you must cost-plus the bid price by 30?o achieve 10?rofit margin.

If you do not include overhead in your product price, you will not make a PROFIT. So that's a good reason to do it. :)
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# Other Career Questions

 What are your plans to address corporations shipping jobs abroad purely to enhance the bottom line?The reason the economy is recovering slowly is due to lack of demand. The middle class is hurting. We have heard about the mortgage crisis, etc. Why are you not focusing on corporations shipping millions of jobs overseas purely to enhance their bottom line? Many corporations have lost their community consciousness's(local hiring, paying taxes etc). What are your plans to address this? American corporations that enjoy income from our market should maintain an equivalent manufacturing base here and pay their fair taxes. 1 answer - Asked By: Ward - 10/3/2011 Why do people b***h when corporations send jobs overseas?Don't people understand that corporations are in business to make money. They are going to employ people where the cheapest labor is available. CORPORATIONS AREN'T CHARITIES. If people think that corporations like Wal Mart make so much money, why don't they buy stock in Wal-Mart. They can own a piece of the company and thus a piece of the profits, even if it is just one share. 2 answers - Asked By: j121 - 4/16/2010 Why do people say corporate jobs are better than government jobs?Corporations are elitist and extremely picking during the hiring process. They fire hundreds of people every time there's a recession and think nothing of it. You can't advance without some pain in the butt graduate degree. Yes, you can make good money if you defeat the competition and make it up the ladder. The government isn't nearly that bad. I don't understand why people look down on government work and worship corporations. 2 answers - Asked By: Defunct - 1/20/2008
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## Is this normal for an interviewer to do this?

So today I went in for an interview and I was going in for the 2nd interview by the head chief executive. now this is where it got weird, so she asked me about my previous jobs and said how much she liked that product over that product. then she started talking about her daughter? an her divorce ...then how she didn't finish college because she was making more money doing what she did for this company ... then she talked about how her teenage daughter is a handful... I just played it cool thinking she was using some sort of psychology thing to trick me into saying something stupid. the interview ended and she seemed happy an I was escorted to the door... now I'm freaking confused? is this normal behavior for an executive? like it felt like she was going to burst into tears at one point and tell me her life problems... is this normal? was she trying to see how I react or something?

## What do you say when they ask what you want to be paid? ?

Wen you apply at a job and they ask how mch you want as a salary what do you say?

## How do I get a job with Dodgy work history and no experience?

Basically- no degree, although I have tried completing one in the past and stopped because of physical and mental health issues which were overwhelming to deal with along with going to classes full time. I'm not stupid and I am quite articulate. I am 23 and have only worked for about two years retail in high school and stopped working to go to university. I worked a few months in 2010 retail after I dropped out but it was only a seasonal position, and the only reason why I have not been able to constantly work is because of mental health issues. I had also tried going back to community college during my free time since i left university in 2008/9 and I had panic attacks while in community college, which made my anxiety worse from then on. Well recently I met a good doctor and he prescribed me some meds that are stabilizing my moods and I feel the best I've felt in years, and I'm ready to work. Thing is, I don't know how to get a job now since I've spent literally years being depressed and anxious doing nothing. I don't really have anything to put on my resume, and I never finished my AA degree either. All I've done is cashiering and although I do the job well and I get promoted easily when I do these jobs because I'm a hard worker and I try to go above and beyond what they ask of me,which is the attitude I have no matter what kind of work I'm doing as long as I'm getting paid. But I hate cashiering because it's too easy and I want a job that is more interesting. Any suggestions for me on how to get a job that is NOT Retail with the type of background I have right now? I also realize I have to go to college to get certain types of jobs, I am talking about what I can do right here right now.

## Why honesty, hard work and dedication have no place at work?

Recently I have overlooked for a project at work and I am unable to accept it why? I am hard working, dedicated, maintain a very professional decorum, very cordial with my colleagues and bosses, give respect to one and all. Still people who take the p***, argue with managers, gossip mongers have been selected for some very responsible positions at work. I seriously can't get my head around it why, why unprofessional people who have no work ethics being selected over me, whereas I have a track record of excellent performance and never shy away from any work my manager ask me to do? I am at my lowest point and not getting hold of my manager to ask the question why not me, why them who can't even bother? I am feeling like a complete loser, giving years to this place, building my performance, trust and this is how I get rewarded. Why my life is so shit, anything I wish for turns to dust?

## I have applied for over 100 jobs I have gotten no calls for a job interview, what can i do?

As stated in my question I've applied for multiple jobs and gotten no job interview, you name a place I've applied there. I've said i will work ridiculous hours from like 12am to 5am and nothing. I've said I am willing to work weekends public holidays everything and I have gotten nothing back I am so desperate for money it's not funny.

## What to wear to a job interview VS a career fair?

So I have a nice white button up shirt, business skirt and pants, and a suit jacket. I'm applying for a software development job and I'm very short and can look young so I'm trying to look adult, yet professional. I'm also attractive so I'm trying not to look too sexy. For the career fair I'm thinking of wearing just my nice shirt and a skirt with low heels. My reasoning being it's approachable and attractive without going overboard since the career fair hosts are mostly younger male recent grads. I want to be remembered but not intimidating. For my interviews I was thinking pants, suit jacket (power suit). My reasoning being it'll be older execs and HR people (mostly women) so less sexy with the pants but more powerful with the suit jacket. What do you think?!

## What career or jobs can i get after graduating Information Technology?

I am currently a 1st year irregular college student taking I.T. I transferred schools and my majors never got credited. But it's okay because i am slowly getting the logics in programming in Java. This next semester i am taking a System Analysis and Design(SADSIGN) and i am getting nervous because even though i am pretty good at logics, i am not that good at coding. But since it is a case study, we will be on group, we will be four i think. Project manager, Analyst, Documentation, and the programmer. I am asking what jobs i can get after graduating I.T. because what if i graduated I.T. and still not that good at coding, i am hoping that there will be a jobs that will require less programming. Like Database manager or in Multimedia or in charge of Network. So is there jobs that doesn't require hardcore programming skills?

## What's the difference between computer science and computer engineering majors?

Can someone tell me te difference between computer science and a computer engineering major. Is it the same?

## Which of these careers would I not have a problem getting a job in?

Account Executive Hospitality Manager Sales Representative Editorial Assistant Advertising Manager Hotel Manager Personnel Specialist Writer/Author Association Administrator Presenter Special Events Coordinator Political Aide Promotions Manager Speech Writer Consumer Affairs Specialist Sportscaster Public Information Officer Communications Director Public Relations Specialist Radio/TV Announcer Technical Writer Telemarketing Specialist Customer Service Rep. Fund Raiser Training & Development Specialist Events Planner Flight Attendant Youth Worker Media Manager Recruiter Market Research Analyst Community Action Director Recreation/Attractions Manager Restaurant Manager Campaign Manager Development Director Script Writer Photojournalist Advertising Copywriter Museum Director Greeting Card Writer Production Assistant Actor, Mime Narrator Stage Manager Director Impersonator Make-up Artist Stunt Coordinator Booking Agent Talent Scout Drama Coach Stand-in Playwright Stage Manager Movie Theater Manager

I'm really having a hard time finding a job. I'm not sure why employers aren't contacting me :( I have about 4 years in expereince ( about 1 year of management) Well, here it is Jon smith Erlanger KY, USA Cell: +1-859-111-1111 E-mail:abc.def@outlook.com OBJECTIVE Obtain a position as a project manager/coordinator allowing me to utilize my administrative, organizational and problem-solving skills with a growing organization to mutually enhance growth of professional development and success. WORK EXPERIENCE ATS Jun 2012 – Apr 2013 Project Manager I: Managed projects development and staff in different divisions to achieve projects goals through practices of planning, executing and analyzing project-related tasks. Duties, responsibilities and contributions to assigned projects include the following: • Prepare and create project scopes, SWOT analysis reports and statements of work as assigned. • Visit anticipated project sites and create assessments for necessary work. • Analyze given scopes to assist engineers into reaching projects’ objectives. • Examine and manage available resources relating to materials and manpower. • Coordinate staff and arrange regular meetings. • Inspect daily operations and quality of products used on premise. • Implement solutions to resolve complex jobs relating to the project. • Manage and ensure that operations are executed in accordance to project scope and SOW. • Review and submit documents for projects deliverables/submittals and create schedules for subcontractors. • Document all events occurred during project life cycle and submit reports to senior management. Assigned Projects: 1- Conference Rooms IT/Multimedia Project Duration: Jun 2012 – Dec 2012 2- Military Base Renovation Project Duration: Aug 2012 – Aug 2013 AT&T / U-verse Division Oct 2011 – Feb 2012 Command Center Agent II: Applied knowledge to solve common and complex related issues to consumer’s services and devices. The position allowed for individual work at minimum supervision and within teams when necessary. Duties of the position included: •Provide phone/virtual support to internal and external customers. •Audit reports submitted by technicians and follow up with customers. •Implement and updated solutions within workflow system (WFE system). •Interact with IT department personnel to resolve common issues. •Provide assistance to first level support agents. •Maintain database and accounts for customers. Cleve’s Connections May 2009 – Nov 2010 IT Specialist: Provided hands-on and virtual administration for all IT related topics and managed sales for all devices and services. This included consulting, providing solutions, and improving efficiency for small businesses in design and security areas. Tasks performed while working included: • Resolve & close all open cases submitted by staff or customers. • Setup and manage user accounts through Active Directory. • Monitor network activities and logs and report system bugs, downtimes or crashes. • On-site maintenance and installation of network equipment and computer hardware/software. • Perform system setup operations and data backups as requested. • Create case analysis and audit reports given by technicians. • On-call support 24/7. EDUCATION • Devry University, Cincinnati OH Bachelor in Management Graduation: 2012 • Cincinnati State, Cincinnati OH Associate in Network Administration Graduation: Transfer 2010 To Andy: What does my Devry have to do with anything? for profit school? I'm not sure what college you graduated from, but in the real world experience weights more than a piece of paper stating you've completed few written assignments and imaginary projects. SMH!

## How can l find a job in the pharmacitical field as a sales and marketing manager,in south africa?

L want to study medicine and work as a doctor but l am limited due to luck of required monyes. however l swtched on to anther career but still within my career interests as a care giver, but this is somthing to do with sales and marketing in the pharmcitical industry.

## What is the difference between a nurse practitioner and an ARNP?

Is there any difference between a "nurse practitioner" and an "advanced registered nurse practitioner"?

## What can you do with a graduate degree in communications?

And a BA in criminology?

## I want to become an Escrow Officer, does anyone know how to go about it? What kind of training will I need?

I know that Escrow is within Title industry in Texas. What would be the best way to get my foot in the door. I am assuming I will have to start as an Escrow assistant and work my way up, but I would really like to find out more about this career path. How does an officer usually get licensed? Are there classes we need to take and exam to take? Any response is appreciated.

## How could I better prepare myself for a second interview?

My second interview is on Monday and I want to be prepared. It's for an assistant controller position. I've already met with the controller and the hr manager. Monday I will be meeting with the president of the company. How could I prepare myself for Monday's interview? Thanks! Any comments would be great!

## What can people do with these types of courses?

I'll be taking Programming HTML in 10th grade (I'm in 9th right now). My school offers Java, C++, Programming HTML, Graphic Communications, Robotics, CAD, and Game Design. I am taking courses not only because I want to fulfill credits, but to also test out some things and see what I like. I'm asking this in Careers because I was wondering what careers involve any of these and if they are good jobs. My cousin got me a little interested in computers because she has her Ph.D from University of Maryland, went to UMBC, taught at Carnegie Mellon, worked at IBM, and currently has a job at Microsoft (she works with human- computer interaction) I was curious, what are some good careers in Computer Science? Are these courses good ones to take to see if I like them? How much can you make in Computer Science careers? None of my decisions for the future are concrete and I do not only look at the money in anything so please, no assumptions unless you know me. I just want to have an idea of what to do and I have plenty of time. I love to help people which is why I am looking into medical careers as well. I'll be taking an AIDS research course in a few years and I'm taking a Child Development course in case I really do wish to be a Psychologist some day (Some other careers I have thought about are Hematologist, Dermatologist, Neurosurgeon, attorney, etc. I really would love to cure my parents who have Sickle Cell and Fibromayalgia but I know how Pharmaceutical Companies are.Treatment makes more than cure) t********s to anyone who can answer and help me out (Point gaming is pretty pointless. Two points vs ten? Which is more?) Thank you! I get good grades. Honor roll, honor student, I study hard and I keep to myself a lot so I have a lot of time to study. I'm cyber schooled because of how awful my old school was (kids bullied me. To the point where I could have died but teachers didn't care because my parents aren't friends with the teachers from high school. So, I just had to suffer. They lied to my parents and eventually, we just couldn't take it anymore. I got sick of defending myself against boys anyway. Thank God I'm into Martial Arts). I have been here for 4 going on 5 years and I love it! Peace and quiet....most of the time. I still live in a small town and the bullying just continues. So I have to be completely alone to escape it. Life will be better when I move to Canada. Also what you do is very interesting! Thank you very much! I can only take HTML this upcoming school year. Then the other courses become available throughout the years. I can't choose whether C++ comes before Java. It's not all available right away. It becomes available grade by grade. I heard people say \$70,000 wasn't a good salary before and that really confused me. My cousin makes that much and she traveled to Spain, France, Atlanta and California recently. I think it is all interesting. New tech always did intrigue me and my mother. I'm just dipping a toe in first though. Just in case, when I go to college, my freshman year will be undecided to sit in on some more classes. I'll see what I like, this a lot, Thank you! Oh by the way, the C++ course is actually a C++ AND Java course! It's all in one. That's helpful :)
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