Question

Could you please research and explain if accountants can contribute in controlling overhead costs in the production cycle? If they can contribute, please research and explain how. Be specific in providing your explanation with examples

Answer 1

Accountants can play a major role in controlling overhead costs in the production cycle. Overhead costs are the costs which are not related to a particular product and generally occur due to other factors like misrakes during allotments. This might be controlled by the accountants by maintaining exact list of allotments and expenses and analysing them to check if any mistakes are done and rectify them. The costs shown and the actual costs must be validated before making payments. This helps in identifying where the costs are going high and unnecessary. It helps in controlling the overhead costs . Hence accountants help in controlling overhead costs of production cycle.