Overhead Definition - What is overhead?

Overhead definition. Analyzing the definition of key terms often provides more insight about concepts. Overhead can be defined as – Factory activities supporting the production process that are not direct material or direct labor; also called factory overhead and manufacturing overhead. Manufacturing companies can break out inventory costs into three components of direct material, direct labor and overhead. Direct material and direct labor can be tracked to a specific job or process while overhead cannot. A company needs to include overhead into the cost of inventory and into a job or process overead cannot be allocated directly to a cost or process and is therefor grouped together into an account called overhead to be allocated to jobs or process using an estimate.
Why Learn Accounting - Financial Accounting / Managerial Accounting
101 Double Entry Accounting System Explained - Accounting Equation
101 Cash vs Accrual - Cash Method / Accrual method differenc
101 Revenue Recognition Principle
Double Entry Accounting System Explained - Balance Sheet
101 Income Statement Introduction
101 Accounting Objectives - Relevance Reliability Comparability
101 Transaction Rules - Accounting Equation
101 Transaction Throught Process / Steps - Accounting Equation
101 Owner Deposits Cash Transaction Accounting Equation
101 Work Completed for Cash Transaction Accounting Equation
100.110 Pay Employee with Cash Transaction Accounting Equati
200 Debits & Credits Normal Balance - Double Entry Accounting Sy
200 Debits & Credits - One Rule to Rule Them All

[newsonic]

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[xati]

So thats why whitmores 2nd song slapped