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In today’s competitive marketplace, management’s focus is always on profitability. Companies that are profitable have happier customers, investors and shareholders.  Access to capital to grow and expand is always predicated on profitability. The most successful companies know how to manage overhead expenses and reduce their costs to drive profitability. 

This course focuses on how to manage, evaluate and take action to optimize overhead expenses.

 

Learning Objectives

  • Define the different types of overhead and how they impact decision making.
  • Describe how companies manage and control overhead.
  • Articulate the process for allocating overhead to cost objects and products.
  • Evaluation and discussion of the overhead variances for variable and fixed overhead.
  • Observe how to calculate overhead variances, evaluate performance and identify root causes and solutions.
Last updated/reviewed: April 09, 2018

13 Reviews (48 ratings)Reviews

1
Anonymous Author
The test was so badly written, it has blatant typos. Question #4 is impossible to understand as written. If you're putting this much effort into putting a course out there, ensure you're measuring a student's understanding adequately. Would not recommend the course.
Member's Profile
This was academic in tone. People in mfg facilities don't use these terms and this could be improved by making the jargon tailored towards that audience. Frankly, using these terms is what frustrates management about accountants, of which I am one.
4
Anonymous Author
Some important concepts were brushed by, while others were too thoroughly reviewed. I did learn about production volume variances though and in a services industry, that was interesting.
2
Anonymous Author
Although the material was fairly basic, I didn't feel that the review questions accurately reflected understanding of the course.
5
Member's Profile
Good overview of management accounting. Presenter was thorough, defined key terms, and provided illustrations.
3
Anonymous Author
Good introductory class (or refresher) for management of overhead costs. I liked the review questions.
5
Anonymous Author
Well presented and explained with examples. The whole topic is covered within a short time span.
5
Anonymous Author
Like the instructor. He is concise and explains things very well.
4
Anonymous Author
Informative presentation on learning about company's overhead.
4
Anonymous Author
This course makes you do some hard thinking..good course
4
Anonymous Author
good review of the basics for overhead accounting
4
Anonymous Author
Good examples and diagrams in the slides.
3
Anonymous Author
Good slides, pretty good presentation

Prerequisites

Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
Overhead
  4:53Types of Overhead
  5:44Managing Overhead
  2:12Allocating Overhead
  16:58Evaluating Overhead
Variance
  6:22Production Volume Variance
  9:04Root Causes
Conclusion
  1:00Summary
Continuous Play
  52:24Managing and Controlling Overhead Expenses
SUPPORTING MATERIALS
  PDFSlides: Managing and Controlling Overhead Costs
  PDFManaging and Controlling Overhead Costs Glossary Index
REVIEW & TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM