operating expense

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Related to Operating Expense Control: Operating Expense Ratio

Operating Expenses

A company's expenses related to the production of its goods and services. Examples of operating expenses include wages for employees, research and development, and costs of raw materials. Operating expenses do not include taxes, debt service, or other expenses inherent to the operation of a business but unrelated to production. See also: Operating income.

operating expense

An expense incurred in transacting normal business operations. Operating expenses include administrative and selling expenses but exclude interest, taxes, and cost of goods sold.
References in periodicals archive ?
In North America, operating results reflect the benefits of price/package architecture initiatives, operating expense controls, and higher cost of sales.
Second quarter operating results reflect the benefits of pricing initiatives in North America, volume growth in Europe, and ongoing operating expense control efforts, offset by volume declines and increased cost of goods in North America.
He says that, although the gross profit margins rate was slightly below that of the prior year, the contribution from the increase in sales volume and effective operating expense controls produced a significant improvement in overall operating earnings.
The increase was the result of an improved sales mix, lower employee incentive compensation and benefit expenses, and a continued focus on operating expense controls.
In addition, higher gross margins and tight operating expense controls resulted in a 16% increase in our operating income, thereby increasing our operating margin to 45.
The increase was the result of an improvement in mix of private label and perishable sales and a continued focus on operating expense controls.
We expect that the combination of our continued focus on operating expense controls, product and process cost reductions, and the strength of our diversified portfolio of filtration businesses will allow us to achieve our 20th consecutive year of record earnings.

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