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Overhead refers to the ongoing costs to operate a business but excludes the direct costs associated with creating a product or service. Overhead costs can be fixed, variable, or a...
The meaning of OVERHEAD is above one's head : aloft. How to use overhead in a sentence.
Overheads are business costs that are related to the day-to-day running of the business. Unlike operating expenses, overheads cannot be traced to a specific cost unit or business activity. Instead, they support the overall revenue-generating activities of the business.
Overhead refers to the ongoing costs of running a business that are not directly related to creating or selling a product or service. It includes expenses like rent, utilities, office supplies, repairs or maintenance, insurance, taxes, and so on.
In simple terms, overhead is the cost of keeping your business afloat. Overhead is a summary of the costs you pay to keep your company running, and appears on your monthly income statement.
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.
An overhead rate is a cost allocated to the production of a product or service. Overhead costs are expenses that are not directly tied to production such as the cost of the...
adjective [ before noun ] uk / ˈəʊ.və.hed / us / ˈoʊ.vɚ.hed / overhead adjective [before noun] (BUSINESS) relating to the overheads of a business: One way of increasing profit margins is to cut overhead costs. SMART Vocabulary: related words and phrases. overhead adjective [before noun] (SPORT)
OVERHEAD | definition in the Cambridge English Dictionary. Meaning of overhead in English. overhead. adjective, adverb. us / ˈoʊ.vɚ.hed / uk / ˈəʊ.və.hed / Add to word list. above your head, usually in the sky: overhead cables. A flock of geese flew overhead. This room needs overhead lighting (= lights in the ceiling).
noun. the general, fixed cost of running a business, as rent, lighting, and heating expenses, which cannot be charged or attributed to a specific product or part of the work operation. Accounting. that part of manufacturing costs for which cost per unit produced is not readily assignable.