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Product ID: 406557EAU
 
Credit & Course Provided by:

Allocating Overhead to Construction Projects

OnDemand Webinar (88 minutes)

Gain an understanding of overhead allocation and its role in assuring projects are profitable.This topic will include a clear definition of what costs are actually overhead to be applied to jobs. The information will define the specific costs that are direct vs. those that are indirect as part of the overhead total costs to be allocated. Then we will look into the various methods to allocate overhead with a few key case studies on how the method you choose will impact each jobs profitability, and the practical applications you can use in your daily roles and apply to your business.

Authors

Theran J. Welsh, CPA, SVA Certified Public Accountants

Agenda

Goals

• Importance of Planning and Budgeting Your Costs

• Developing Meaningful Indirect Cost Pools

• How Accurate Job Costing Fits in the Construction Circle

Direct Costs

• Definition

• Typical Direct Costs

• Labor Burden Calculation

• Case Study

Indirect Costs

• Definition

• Typical Indirect Costs

• Developing Cost Pools

• Case Study

Case Studies Options

• Methods for Your Situation