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Overhead expenses are all costs on the income statement except for direct labor, direct materials, and direct expenses. Overhead expenses include accounting fees, advertising , insurance , interest, legal fees, labor burden, rent , repairs, supplies, taxes, telephone bills, travel expenditures, and utilities.
Factory overhead, also called manufacturing overhead, manufacturing overhead costs (MOH cost), work overhead, or factory burden in American English, is the total cost involved in operating all production facilities of a manufacturing business that cannot be traced directly to a product. [1] It generally applies to indirect labor and indirect cost.
Canopy over a doorway in Fergana, Uzbekistan Canopied entrance to the New York City Subway at the 14th Street–Union Square station. A canopy is a type of overhead roof or else a structure over which a fabric or metal covering is attached, able to provide shade or shelter from weather conditions such as sun, hail, snow and rain. [1]
In construction, the costs of materials, labor, equipment, etc., and all directly involved efforts or expenses for the cost object are direct costs. In manufacturing or other non-construction industries the portion of operating costs that is directly assignable to a specific product or process is a direct cost. [ 1 ]
Examples of overhead costs include: payment of rent on the office space a business occupies; cost of electricity for the office lights; some office personnel wages; Non-overhead costs are incremental such as the cost of raw materials used in the goods a business sells. Operating Cost is calculated by Cost of goods sold + Operating Expenses.
Unlike mobile or construction cranes, overhead cranes are typically used for either manufacturing or maintenance applications, where efficiency or downtime are critical factors. Single Girder Overhead Crane. The single girder type overhead crane is the most common overhead crane. It is generally used for light applications, normally up to 10 ...
Structures for overhead lines take a variety of shapes depending on the type of line. Structures may be as simple as wood poles directly set in the earth, carrying one or more cross-arm beams to support conductors, or "armless" construction with conductors supported on insulators attached to the side of the pole. Tubular steel poles are ...
Construction accounting is a form of project accounting applied to construction projects. See also production accounting . Construction accounting is a vitally necessary form of accounting, especially when multiple contracts come into play.