Overhead assessment and settlement refers to the process of identifying, calculating, and distributing indirect costs (overhead) to various cost objects, such as products, services, or departments, within an organization. Settlement is the process of allocating these costs. This is essential for accurate cost accounting, pricing decisions, profitability analysis, and performance management. Different methods exist for overhead allocation, including traditional methods based on direct labor hours or machine hours, and activity-based costing (ABC), which assigns costs based on activities performed.
Whether you're looking to get your foot in the door, find the right person to talk to, or close the deal — accurate, detailed, trustworthy, and timely information about the organization you're selling to is invaluable.
Use Sumble to: