Title
On Target: Overhead Cost.
Abstract
Manufacturing costs are usually divided into direct labor, materials and overhead. The cost of direct labor as a percentage of value added has dropped from approximately 50% to less that 10%. Material costs are being addressed by many. Overhead costs have increased at an alarming rate. Yet, little attention has been given to this element of manufacturing costs. Although managers list it as their number three worry. This paper targets overhead cost. It is divided into its elements and each is analyzed. The solution recommended is to evaluate each component of overhead to determine if it is essential. If so, can it be done cheaper? An integrated automation system is last after the individual computer systems are eliminated. Tools recommended are a systems study and Value Analysis of each element of overhead.
Publication Date
12-1-1986
Publication Title
Annual International Conference Proceedings - American Production and Inventory Control Society
Number of Pages
527-529
Document Type
Article; Proceedings Paper
Personal Identifier
scopus
Copyright Status
Unknown
Socpus ID
0022934536 (Scopus)
Source API URL
https://api.elsevier.com/content/abstract/scopus_id/0022934536
STARS Citation
Martin, Raymond L., "On Target: Overhead Cost." (1986). Scopus Export 1980s. 171.
https://stars.library.ucf.edu/scopus1980/171