Question

what is adding additional expenses to cost of an item called?​

Answer 1

Answer:

By definition, Overhead is the additional cost which is added to the cost price of an item.

Overhead expenses are all costs on the income statement except for direct labour, direct materials, and direct expenses.

Overhead expenses include accounting fees, advertising, insurance, interest, legal fees, labour burden, rent, repairs, supplies, taxes, telephone bills, travel expenditures, and utilities