Financial Accounting Overhead Costs
Financial Accounting Overhead Costs refer to indirect expenses incurred by a business in order to support its operations, but cannot be directly attributed to the production of goods or services. These costs include items such as rent, utilities, office supplies, and administrative salaries. Overhead costs are essential for the day-to-day functioning of a business, but do not contribute directly to the creation of a specific product or service. Proper management and allocation of overhead costs are crucial for accurate financial reporting and decision-making within a company.
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