A business that produces goods or services must develop and maintain accurate estimates of the cost of production. Direct labor, meaning toe work required to actually make a product, is a critical ...

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 ...

The first task in determining proper application is to separate the business into major cost groups, sometimes referred to as overhead pools. For example, if the largest cost of production is labor, a ...