overheads


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overheads

or

indirect costs

any COSTS that are 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 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, that render services to producing departments are similarly part of production overheads. SELLING COSTS and DISTRIBUTION COSTS, and all administration costs, are also counted as overheads since they cannot be directly related to units of product. See also FIXED COSTS.
References in classic literature ?
Once or twice flying machines, as they circled warily, came right overhead, and for a time Bert gave himself body and soul to cowering.
By and by the black clouds rolled away and showed a blue sky overhead, with a silver moon shining sweetly in the middle of it and little stars winking merrily at Dorothy when she looked their way.
Yet I passed some cheerful evenings in that cool and airy apartment, surrounded by the rough brown boards full of knots, and rafters with the bark on high overhead.
Venturing one day to substitute deeds for words, he turned up his cuffs, seized a plasterer's board, and having loaded his trowel without mishap, with a complacent look toward the lathing overhead, made a bold gesture thitherward; and straightway, to his complete discomfiture, received the whole contents in his ruffled bosom.
A tangled mass of women, with drawn, white faces and open mouths, is shrieking like a chorus of lost souls; and the red-faced man, his face now purplish with wrath, and with arms extended overhead as in the act of hurling thunderbolts, is shouting, "Shut up
When thy bird screamed overhead, when thou stoodest in the forest, irresolute, ignorant where to go, beside a corpse:--
The house had fallen into a dead silence; a whole minute passed away, and nothing stirred but the bats overhead.
I was in full career, when I heard the cough right overhead, and jumping back and looking up, beheld a man's head in a tall nightcap, and the bell mouth of a blunderbuss, at one of the first-storey windows.
Only overhead in the birches under which he stood, the flies, like a swarm of bees, buzzed unceasingly, and from time to time the children's voices were floated across to him.
How long he slept, matters not; but it was for no brief space, for when he awoke, the rich light had faded, the sombre hues of night were falling fast upon the landscape, and a few bright stars were already twinkling overhead.
Realizing that our medical staff, hospital staff, and board of directors could interpret vivid color graphics much easier than black and white overheads, we used a 3M Projection Panel Model 5300, with a true color active matrix liquid crystal display.
With current information technology, detailed accounting for corporate and divisional overheads, earlier considered economically impractical, is now entirely possible.