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What (who) is overhead expenses - definition

ONGOING OPERATING EXPENSE WHICH DO NOT DIRECTLY GENERATE PROFITS, BUT WHICH IS VITAL TO TO PROFIT MAKING

Overhead Costs; Overhead cost; Business overhead expense; Oncost; Business overhead; Overhead expenses; Administrative overhead; Overheads; Establishment charges; Overhead costs

Overhead expenses

·add. ·- Those general charges or expenses in any business which cannot be charged up as belonging exclusively to any particular part of the work or product, as where different kinds of goods are made, or where there are different departments in a business;

- called also fixed, establishment, or (in a manufacturing business) administration, selling, and distribution, charges, ·etc.

Overhead (business)

In business, overhead or overhead expense refers to an ongoing expense of operating a business. Overheads are the expenditure which cannot be conveniently traced to or identified with any particular revenue unit, unlike operating expenses such as raw material and labor.

https://en.wikipedia.org/wiki/Overhead_(business)

overheads

The overheads of a business are its regular and essential expenses, such as salaries, rent, electricity, and telephone bills. (BUSINESS)

We are having to cut our costs to reduce overheads and remain competitive.

N-PLURAL

Wikipedia

Overhead (business)

In business, overhead or overhead expense refers to an ongoing expense of operating a business. Overheads are the expenditure which cannot be conveniently traced to or identified with any particular revenue unit, unlike operating expenses such as raw material and labor. Therefore, overheads cannot be immediately associated with the products or services being offered, thus do not directly generate profits. However, overheads are still vital to business operations as they provide critical support for the business to carry out profit making activities. For example, overhead costs such as the rent for a factory allows workers to manufacture products which can then be sold for a profit. Such expenses are incurred for output generally and not for particular work order; e.g., wages paid to watch and ward staff, heating and lighting expenses of factory, etc. Overheads are also a very important cost element along with direct materials and direct labor.

Overheads are often related to accounting concepts such as fixed costs and indirect costs.

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.

There are essentially two types of business overheads: administrative overheads and manufacturing overheads.

https://en.wikipedia.org/wiki/Overhead (business)

Examples of use of overhead expenses

1. She said efforts have been underway for the past six months to cut travel and other overhead expenses.

2. Mohammed Qaiser, manager of Indian Airlines, said that Sama couldnt overcome "the combination of rising jet fuel costs and overhead expenses.

3. He said the Afghan team would visit the state–of–the–art plant to see the engine assembling process, using indigenous technical know–how and expertise, which has helped to control the price of the product with minimum overhead expenses.

4. WASHINGTON, May 16: As much as 30 per cent of the US aid for Afghanistan and Pakistan is siphoned off as overhead expenses before it reaches the region, US lawmakers have been told.

5. More questions arose from the inspector general at the State Department, who said in 2005 that Blackwater had failed to keep track of contractors‘ hours, appeared to double–bill for drivers and vehicles that weren‘t used and allegedly charged more than double the proper amount for overhead expenses.