Overhead expenses must be taken into account when keeping the books for a business.
Overhead are cost items that cannot readily be charged to any one project, but represent the cost of operating a construction company. They are incurred regardless of any specific project. There are two types of overhead items, Overhead Expense Items and Job Overhead Items.
Overhead Expense Items include, but are not limited to, costs in the following categories:
Exempt Employees (Employees you are exempt from paying overtime)
Non-Exempt Employees (Dept of Labor requires paying overtime when overtime is worked)
Job Overhead includes items that can be charged to a specific project, but cannot readily be charge to a specific item of work on the project. They may include, but are not limited to, the following catagories.
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