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Acronyms that contain the term factory overhead
What does factory overhead mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: factory overhead.
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What does factory overhead mean?
- Factory overhead
- Factory overhead, also called manufacturing overhead or factory burden, is the total cost involved in operating all production facilities of a manufacturing business. It generally applies to indirect labor and indirect cost, it also includes all costs involved in manufacturing with the exception of the cost of raw materials and direct labor. Factory overhead also includes certain costs such as quality assurance costs, cleanup costs, and property insurance premiums.
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"factory overhead." Abbreviations.com. STANDS4 LLC, 2024. Web. 6 May 2024. <https://www.abbreviations.com/factory%20overhead>.
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