Smith Company manufactures washing machines in their own facility. They sell them to stores like Best Buy and Lowes for ultimate sale to the consumer. Here are some costs for Smith Company. Calculate total PRODUCT costs for Smith Company. Direct Labor $21,527 Sales and Marketing Expenses $26,513 Metal to make the exterior shell of the washing machines $58,469 Electricity to run the machinery in the factory $13,682 Salary of the manager who oversees manufacturing $9,350 Salary of the Chief Operating Officer of the Company $19,353 Water bill for the building that houses corporate headquarters $2,404

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Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.