Bit off topic i know, but i know someone here will be able to define what on-costs are for me!
cheers
steve
Bit off topic i know, but i know someone here will be able to define what on-costs are for me!
cheers
steve
expenditure which is involved in the process of manufacture or the performance of work and which cannot be charged directly to any particular article manufactured or work done (as where different kinds of goods are produced), but must be allocated so that each kind of goods or work shall bear its proper share.
Basically, production overheads but not general overheads.
Owain
AFAIK its a sum of money in addition to the "actual" cost of materials to allow for future maintenance and repair (i.e. ongoing costs)
I went to Google and typed define:"on costs" which led me to
Departmental expenses; Freight charges; Insurance charges; and Packaging charges; and Research and development costs.
On costs are normally calculated and expressed as a percentage of the basic cost."
bril thanks for that, I had googled but with define "on-costs" which didn't help any. could do witha course on boolene(sp?)!
Steve
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