Operating income is the profit earned from the company’s core business activities before considering non-operating income, finance cost, and taxes. It shows how well the main business is performing on its own. This figure is important because it reflects the strength of ordinary operations without the effect of unusual or external items.
Owner’s Equity
Owner’s equity is the residual interest of the owner or shareholders in the business after deducting liabilities from assets. It includes capital introduced, retained...
Overhead
Overhead refers to indirect costs that support business operations but cannot be directly traced to a specific product or service. Examples include factory rent,...
Overapplied Overhead
Overapplied overhead occurs when the amount of overhead allocated to production is greater than the actual overhead incurred during the period. This means products...
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