The term "overhead" refers to the costs associated with producing a good or service that are essential but are not directly involved in the production process. For instance, you have to maintain ...

At its elemental level, overhead is the money you would have to pay to keep your business operating when you had no one working in the field. It includes everything except material, labor and job ...

Factory overhead and direct labor are manufacturing and manufacturing costs (direct materials + direct labor + manufacturing overhead). Stated succinctly, manufacturing is turning raw materials into a ...