The cost of goods and services includes labor, materials and overhead. The hourly rate minus overhead would simply be the direct labor costs. Examples of overhead costs include cleaning, rent, ...

Overhead rates are measures of business expenses other than those directly related to producing or providing products and services. In a large or diversified company, multiple overhead rates may be ...

Just what is fixed absorption rate, and how is it calculated? Frankly, it depends on whom you ask. And those you ask may have other thoughts on the value of your calculation when it comes to making ...