Kokey's accounting records shows the following: Increase of Raw Materials of 4,500; decrease in Finished Goods Inventory of 15,000; Purchases of raw materials of 129,000; Direct labor payroll of 60,000; Factory overhead of 900,000 (excludes indirect labor and indirect material of 1,000 and 2,000, respectively); Freight out of 13,500; Transportation in of 6,000 and decrease in WIP of 8,000. The cost of direct materials used for the period is?

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Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.