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 periodicals archive ?
Once the transfer of shares gets completed, Gulfmart and OnCost would merge and begin operating as a single entity within the span of the next six months, said a top official.
Announcing the change in ownership, the chief executive officer of OnCost Cash and Carry, Saleh Al-Tunaib, said that once the transfer of shares process has been completed, Gulfmart and OnCost would merge and begin operating as a single entity within the span of the next six months.
In 1902, shortly after the last part of Church's article was published, Urie [1902] presented a paper to the Glasgow Chartered Accountants Students' Society on the subject of oncost and its apportionment, providing a brief resume of Church's system.
The resultant estimate of the annual productive hours worked was then combined with salary and oncost information to provide the estimated full labour expense per employee.
Rozental has agreed to a further one year extension to his four year deal at Ibrox with no oncost to the club.