In accounting, a cost that cannot be physically traced to one specific product, line of business, department, or other cost object. Also known as overhead costs. Contrast with direct cost.
A cost that can not be meaningfully traced to a specific product or production process; a group or consolidated cost that is normally allocated to multiple items based on a calculated distribution of overhead.
Sponsored programs and other contracted activities, have an associated cost for facilities and administration. The university recovers indirect costs related to overhead from the sponsoring agency or organization.
The value of a decrease in an individual's productivity as a result of disease or therapy.
Money provided in government and private grants for administrative expenses not directly related to the goal of the program being funded, i.e. there are payroll processing and/or accounting costs associated with every grant.
Any cost not directly identified with a single final cost objective but identified with two or more final cost objectives or with at least one intermediate cost objective. Also, referred to as overhead or burden.
Any cost that cannot be directly related to an output.
That cost therein associated with the construction of improvements. For example, when constructing a single family structure, indirect cost would include the price or the survey, building permits, finance charges, engineering fees, architectural fees and any additional overhead costs.
a cost incurred for common or joint objectives and cannot be identified readily and specifically with a particular project or activity
a cost that cannot be easily and conveniently traced to the provision of services and/or materials to another fund or unit
A cost that is associated with a product or service, but not directly attributable to just one product or service. Supervisor or manager activities are examples of these costs.
A cost that cannot be easily and conveniently traced to the particular cost object under consideration.
Also called overhead or operating expenses. These expenses are indirectly related to the services you provide to customers. Indirect costs include office salaries, rent, advertising, telephone and utilities - costs to keep a "roof overhead." Every cost that is not a direct cost is an indirect cost. Indirect costs do not go away when sales drop off.
An indirect cost is a cost that is untraceable to particular units. It is expenditure on labour, materials or services which cannot be economically identified with a specific saleable cost unit. Such costs have to be allocated, that is assigned to a single cost unit, cost centre, or cost account or time period. The term 'burden' used by American companies is synonymous with indirect costs or overheads.
Costs associated with a project that cannot be directly attributed to an activity or group of activities. (Resources expended which are not directly identified to any specific contract, project, product or service, such as overheads and general administration).
A cost which cannot be allocated to a specific activity, department or project but which is general in nature. Also known as Central Support Costs, Overheads or Core Costs.
a cost that cannot be identified with any particular product or service, but must be shared over a number of products or services because it is common to or jointly incurred by them.
Costs that are incurred for common of joint objectives, and therfore , cannot be identified readily and specifically with a particular sponsored project.
Functional cost not attributed to the production of a specified group or service, but to an activity associated with the production of it.
A cost incurred in the course of making a product providing a service or running a cost center or department, but which cannot be traced directly and in full to the product, service or department, because it has been incurred for a number of cost centers or cost units. These costs are apportioned to cost centers/cost units. Indirect costs are also referred to as overheads. See also "direct cost".
Expenditures that are required in the production of a good or service which cannot be directly traceable to the good or service.
Items of overhead that do not vary directly with the volume of activity in a business. Examples of indirect costs would be insurance, utilities, and building maintenance.
Indirect costs are those costs that are untraceable to particular units or cost centres. It is expenditure on labour, materials or services which cannot be economically identified with a specific saleable cost unit. In order to determine the total cost of production on a “fully absorbed basis) such costs have to be allocated, that is assigned to a single cost unit, cost centre, or cost account or time period.
A cost incurred which cannot be directly attributed in full to a single product, service or department; incurred for a number of cost units or cost centers
Refers to costs that are not traceable to specific research activities. Such costs include; infrastructure and space maintenance, support services for research, and environmental health and safety resources. Indirect costs together with direct costs, determine the total cost of providing a particular good or service. (see direct cost) Also known as: Overhead; Facilities and Administration
costs (a) incurred for a common or joint purpose benefiting more than one cost objective and (b) not readily assignable to the cost objectives specifically benefited without effort disproportionate to the results achieved.
A cost that is not directly traceable to the manufactured product is associated with manufacturing two or more units of finished product or is an immaterial cost that cannot be traced to a single unit of finished product(Schall and Haley, 1986). In construction, it is all costs that do not become a final part of the installation. They include, but are not limited to, field administration, direct supervision, capital tools, start-up costs, contractor's fees, insurance, and taxes (AACE International, 1992).
A cost or expense that is not directly traceable to a department, product, activity, customer, etc. As a result indirect costs and expenses are often allocated to the department, product, etc. For example, a manufacturing department that molds plastic has some costs that are directly traceable to it, such as the wages and fringe benefits of the direct labor working exclusively in that department. However, the heat for the entire building appears only on one utility bill. The heating bill is an indirect cost to the molding department. Generally it will be assigned to all departments based on the number of square feet each department occupies. To Top
Costs not directly related to mining or milling operations, such as overhead, insurance, security, office expenses, property taxes, and similar administrative expenses.