Accounting, the language of business, can certainly seem like a foreign language for those new to finance or owning their own business. Accounting terms -- such as labor, overhead and materials -- are ...

Special order manufacturers and construction companies often assign direct and indirect expenses using job-order costing. A main reason is that assigning expenses on a per-job basis makes production ...

While some business overhead is unavoidable, reducing these expenses can boost profit margins. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...

Overhead costs are expenses tied to things other than the production of goods or services. Here's how to calculate overhead.

Overhead allocation is a source of great disagreement in our industry. Should the allocation be based on job price? On job cost? Per project? Or per field man-hour. We understand the pros and cons of ...

Discover what applied cost means in accounting, how it works with allocation rates, and see an example to understand its role ...