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overhead cost

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Wikipedia 0.01 sec.
overhead cost [′ō·vər‚hed ‚kȯst]
(industrial engineering)


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Traditional cost systems focused on these cost elements, used direct labor as overhead cost allocation component, that is why they were able to quantify production costs exactly.
eIUDriven by increases in fuel prices, in addition to escalating operating and overhead costs, AramexeIUs total overhead as a percentage of revenues increased to 41 per cent in the second quarter 2008 compared to 39 per cent for the same quarter of 2007,eIU the company said.
This makes a substantial contribution to the CAB's overhead costs.
 
 
 
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