Overhead Costs Cost Accounting
Overhead Costs Cost Accounting refers to the expenses incurred by a business that are not directly tied to the production of goods or services. These costs include items such as rent, utilities, insurance, and depreciation of equipment. Overhead costs are essential for running a business but can be challenging to allocate accurately to specific products or services. Cost accountants analyze overhead costs to determine their impact on the overall financial health of the company and make strategic decisions to manage and control these expenses effectively.
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