overhead


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Overhead

The expenses of a business that are not attributable directly to the production or sale of goods.

Overhead

Costs that result from having and maintaining a business. Rent is a primary (and expensive) example of direct overhead, as are office supplies.

overhead

overhead

or

indirect cost

any COST that is not directly associated with a product, that is, all costs other than DIRECT MATERIALS cost and DIRECT LABOUR cost. Production overheads (factory overheads) include the cost of INDIRECT MATERIALS and INDIRECT LABOUR along with other production expenses like factory heat, light and power, and depreciation of plant and machinery. The cost of factory departments such as maintenance, materials stores and the canteen which render services to producing departments are similarly part of production overheads. Most SELLING COSTS and DISTRIBUTION COSTS and all ADMINISTRATION COSTS are also counted as overheads since they cannot usually be directly related to units of product. See also FIXED COST, STANDARD COST.
References in periodicals archive ?
There has been far less research on overhead irrigation systems in California, despite their earlier introduction in the state.
Most of this soaring private insurance overhead is attributable to rising enrollment in private plans, which carry high costs for administration and profit," write the authors, David Himmelstein and Steffie Woolhandler.
Koops Overhead Doors has been repairing and installing residential and commercial garage doors in the Albany area since 2008.
In the Report Footer for the subreport, use text boxes to calculate the Total Overhead.
Research papers in the first group reflect the overhead costs evaluation and management experience of construction contractors from various countries.
So FMers, be on the lookout and stay vigilant for unnecessary overhead as you conduct business and in the ways our contractors conduct business.
The plea comes from CE Electric UK - the region's electricity distributor responsible for 29,000 kilometres of overhead lines - as figures from the Health and Safety Executive (HSE) show 10 people died and a further 24 were injured after coming into contact with overhead lines on farms between 2003 and 2007.
Tiered storage solutions shouldn't introduce management complexities or operational overhead.
Never use metal ladders where they may contact overhead power lines.
The formula for the break even point that we showed you in the March issue tells you the revenue you need, to sell to cover direct costs and overhead, but it doesnt include profit.
Under the apparent "catchall" rubric of "overhead," the City has included large, additional cost items--all at the same 10% overhead rate the City previously allowed.