factory costs

factory costs
= factory expenses
The expenditure incurred by the manufacturing section of an organization. Factory costs include direct materials, direct labour, direct costs, and manufacturing overheads but not mark-up or profit.

Big dictionary of business and management. 2014.

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  • factory costs — factory expenses The expenditure incurred by the manufacturing section of an organization. Factory costs include direct materials, direct labour, direct expenses, and manufacturing overheads but not mark up or profit …   Accounting dictionary

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  • costs — Ⅰ. costs [plural] (also legal costs) ► LAW the money that helps pay for the lawyers and the court in a legal case, usually paid by the person or organization that has lost the case: »They were fined $50,000 and ordered to pay $10,000 in costs. →… …   Financial and business terms

  • 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… …   Wikipedia

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  • factory overhead — indirect manufacturing costs Those manufacturing costs of an organization that cannot be traced directly to the product. Examples are factory rent, maintenance wages, and depreciation of general production machinery. In the USA factory overhead… …   Accounting dictionary

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