Fixed Overhead in Full Costing

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Absorption Costing Knowledge Center

Forum New Topic Frank Forsberg Fixed Overhead in Full Costing What does "fixed overhead is a product cost until the products are sold" mean? X   Welcome to the Absorption Costing forum: "Fixed Overhead in Full Costing". Please sign up now to read all responses and to join this discussion yourself. It's free. Log in   Michela Arno Financial Consultant, Netherlands   Fixed Overhead in Full Costing System Hi Frank, it just means that fixed overhead is capitalized into the product, which means it increases the inventory value, until the inventory is sold. When the product is sold, fixed overhead is expensed and, as a result, it is credited from the balance sheet and debited as expense in the P&L of the period.   john paul Accountant, Kenya   What is Fixed Overhead Cost? A fixed overhead is defined as a cost that is incurred in the (production) process that neither changes nor varies with the production volume. Participate and leave a comment. More info. Share your opinion, knowledge and experience or ask a question (sign up for free first) Start a new forum topic

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Absorption Costing Knowledge Center

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