The expenses of a business that are not attributable directly - the production or sale of goods.
The ongoing administrative expenses of a business, such as rent, utilities, and insurance. see also General and Administrative Overhead, manufacturing overhead.
is the costs associated with providing and maintaining a manufacturing or working environment. For example: renting the building, heating and lighting the work area, supervision costs and maintenance of the facilities. Includes indirect labor and indirect material.
An expense incurred in producing/providing your product or service.
That portion of the cost of doing business that is not directly related to any specific project.
1) The general continuing costs involved with running a business. 2) Sheet of clear acetate on which images are prepared for overhead projection.
The general expenses of a business such as heating, lighting, a telephone system, which may be divided up by the number of patients treated and then added to the direct cost of treating a specific disorder as part of the total charge.
Charges of a fairly fixed nature that do not vary with the volume of sales activity. Charges for electricity, water, heat, insurance, rent, and some taxes are overhead items.
Business expenses-such as property taxes, utilities, and insurance-that are not directly connected to the goods or services you produce.
Those elements of cost necessary in the production of an article or in the performance of a service that cannot be determined readily or accurately. Usually, overhead includes expenditures that do not become an integral part of the finished product or service, such as rent, heat, light, supplies, management, supervision, etc.
The basic direct and indirect costs associated with business operations, such as rent, labor.
Business expenses not directly related to a particular good or service produced. An example would be utilities.
The collection of indirect costs of R & D for a research organisation. Generally a cost that is not usually charged direct to a cost unit and tends to be fixed in relation to output.
Business operating costs that can not be meaningfully or economically traced to specific products or services, which include manufacturing overhead, selling expenses, general and administrative expenses, and others.
Those elements of cost necessary in the production of a good or service which are not directly traceable to the product or service. Usually these costs relate to objects of expenditure that do not become an integral part of the finished product or service, such as rent, heat, lights, management, and supervision.
Amount calculated to recover some costs associated with a grant; operating expenses excluding labor and materials
the expense of maintaining property (e.g., paying property taxes and utilities and insurance); it does not include depreciation or the cost of financing or income taxes
an indirect cost not directly attributable to any one item or project but is recoverable, e
Expenses incurred in operating a business, such as rent, executive salaries, and insurance, that are not directly related to the manufacture of a product or delivery of a service. A portion of overhead can be attributed to cost of sales, usually on a percentage basis; the remainder is considered an operating expense.
Expenses that do not change as production changes. A simple way to look at overhead is even if there were no sales, what expenses would still have to be met? Typically expenses such as lease payments, utilities, etc.
is a cost that is incurred for the benefit of, or caused by, and charged to more than one cost objective. Overhead costs are accumulated by logical cost groupings and normally accepted accounting practices and distributed based on benefits accruing to the several cost objectives.
The cost of maintaining a plant or shop's physical facilities; also known as "fixed costs" or "burden."
Costs such as administration, maintenance, other general costs incurred by a company in the course of doing business. Also called burden. Terms Glossary Definition
These are the costs involved in running a business. They consist entirely of expense accounts (i.e. rent, insurance, fuel, staff wages etc.).
As defined by the Department, consists of two parts- administrative costs and payroll burden, usually shown as a single percentage of direct labor costs.
Those expenses which are required for operation, but that are not directly attributable to a particular part of the operation or enterprise.
Term generally applied to the peripheral costs of operation such as utilities and rent.
The cost of equipment, materials and services that are necessary to conduct business but are unrelated to the products or services the firm offers.... read full article
The general expenses of a business as distinct from the direct cost of manufacturing a product or offering a service.
Fixed costs not directly applicable to the production of a -product (for example, costs of lighting and heating a factory).
the part of a budget that does not show up as part of the cost of work directly on a project, but is charged to the customer as part of the hourly charge for direct work (i.e., a contractor is paid for each hour an engineer works on tasks directly related to the project; the customer is billed a cost for the engineer's hours that is greater than the salary paid to the engineer; the difference pays for computers, upkeep of the facility, janitors, utilities, secretaries, and other costs required to support the engineer's work)
a cost that does not vary with the level of production or sales, and usually a cost not directly involved with production or sales. The chief executive's salary and rent are typically overhead.
Overhead consists of general operating expenses, such as rent, utilities and indirect labor.
the operating expenses of a business in addition to inventory, such as rent and utilities.
Cost s incurred in the operation of a business which cannot be directly related to the individual product s or services being produced. See also Indirect Cost. [D01133] WST Cost s arising from management and supervision, office expense interest-during-construction, and any other general cost s associated with the project not directly attributable to design or construction. [D01132] CCCP A general term often used to identify any indirect cost. [D03539] GAT
The basic direct and indirect costs of a business operation, such as labor, rent, utilities and insurance. Total operating costs, including fixed and variable expenses.
Any cost that is not charged directly to a job. To skip job costing when adding an accounts payable invoice, time sheet, or cash disbursement for overhead, enter NONE in place of a job number.
Those costs necessary in the production of an article or the performance of a service that are of such a nature that the exact amount applicable to the product or service cannot be determined accurately or readily. Usually they refer to those costs which do not become an integral part of the finished product or service, such as rent, heat, light, supplies, management, supervision, etc.
A fixed indirect cost that cannot be attributed to any particular profit center.
All of the indirect costs which can not be directly related to a unit of production and which must be included in the cost of the sale by some allocation method.
Expenses that are not directly related to the products or services sold. Also known as indirect costs since they do not vary directly with sales volume. Examples include such things as utilities and janitorial services.
An overhead is a cost that is not directly related to the production of a specific good or service but that is indirectly related to a variety of goods or services. For example, the cost of maintaining and insuring a large factory is an indirect production cost that must be spread over a number of products or services.
Expenses which are incurred to produce a commodity or render a service, but which cannot conveniently be attributed to individual units of production or service, such as heat, lights, etc.
The cost of doing business, exclusive of sales cost.
An expense not directly adding to or identifiable with the product or service sold, e.g. electricity bills.
Business costs—such as rent and utilities—that don't directly relate to the production or sale of goods and services. Overhead is sometimes called indirect cost or indirect expense.
The cost of doing business unrelated to production or sale of goods or services. Office rent, for instance, is an overhead expense. It remains unchanged no matter how much a company sells.
general business expenses incurred in operating a business, such as lighting, salaries, rent, etc. ŠÔÚ”ïA”Œo”ïi'ÀŽØ—¿EŒõ”M”ïEÅ‹à‚È‚Çj
A reference in accounting to all costs not including or related to direct labor, materials, or administration costs.
The costs incurred in the operation of a business that cannot be directly related to the individual goods or services produced. These costs, such as light, heat, supervision, and maintenance, are grouped in several pools (e.g., department overhead, factory overhead, general overhead) and distributed to units of goods or services by some standard allocation method such as direct labor hours, direct labor dollars, or direct materials dollars. Syn: burden. See: expense.
The fixed costs of doing business, not directly related to a specific job or project. Overhead includes items such as senior management salaries, office rent, and administrative costs.
Cost or expense inherent in the performing of an operation, i.e., engineering, construction, manufacturing, which cannot be charged to or identified with a part of the work, product or asset and therefore, must be allocated on some arbitrary base believed to be equitable, or handled as a business expense independent of the volume of production. Skills & Knowledge of Cost Engineering 5th Edition, Dr Scott J Amos Keyword(s): Overhead