OT: On-costs

[R.P.McMurphy]

Bit off topic i know, but i know someone here will be able to define what on-costs are for me!

cheers

steve

[Owain]

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

[Colin Wilson]

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)

[Rob Morley]

I went to Google and typed define:"on costs" which led me to

"On Costs Costs which are added to the basic cost of an item of equipment or to the cost of a service rendered, and may include some or all of the following:

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."

[R.P.McMurphy]

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