overhead cost


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Related to overhead cost: fixed cost

overhead cost

[′ō·vər‚hed ‚kȯst]
(industrial engineering)
References in periodicals archive ?
The study also calculated the annual overhead cost per newly insured individual.
The aim was not only to learn about the rules and methods of overhead cost calculation but also to know whether a ten-year-period of new principles of cost calculation functioning influenced a different method of cost calculation by the contractors.
An empirical investigation of symptoms of obsolete costing systems and overhead cost structure, Managerial Auditing Journal 18(2): 81-89.
These changes made lowering of direct cost shares, material and wage costs, on the other hand they made increase of overhead cost shares (Cokins, 2001).
The Machine-dependent manufacturing overhead cost (Mach.
The criterion used to determine which approach was more accurate was the percent difference between the absorbed overhead amount and the actual overhead cost incurred.
Those costs are raw materials, labor and factory overhead costs.
The identified normal distribution law for overhead costs relative value probability enables the evaluation of the competitiveness of a specific construction company overhead cost.
00 Production Year 1 Year 2 Hi-V 12,000 12,000 Lo-V 6,000 6,000 Sales Hi-V 12,000 11,800 Lo-V 6,000 6,000 Overhead Cost pool Total cost Cost driver Engineering $ 95,000 Engineering change orders Receiving 70,000 Receiving orders Setup 45,000 Setups Packing 40,000 Shipments All other 128,000 Machine hours Total $378,000 Direct labor hours Cost driver usages Cost pool Hi-V Lo-V Total Overhead rate Engineering 100 300 400 $ 237.
Although necessary in order to keep the factory running smoothly, fixed factory overhead costs such as factory insurance bills, machine depreciation, night watchman wages and supervisor salaries cannot be so easily traced to the products.
This enables them to measurably identify quantifiable savings in material, tooling, labor and overhead cost while evaluating alternative designs, manufacturing processes, and vendor sources, ultimately driving a reduction in their Cost of Goods Sold (COGS).
This agreement is a major step forward in reducing time to market and lowering the system overhead cost for the worldwide operators utilizing the Orca RiGHTv middleware," said Tony Haines, Vice President of Business Development, EIS.