Overhead refers to:

A. Direct or Prime Cost

B. All Indirect costs

C. only Factory indirect costs

D. Only indirect expenses

Answer: Option B

Solution(By Examveda Team)

Overhead refers to all Indirect costs. Indirect costs include administration, personnel and security costs. These are those costs which are not directly related to production. Some indirect costs may be overhead. But some overhead costs can be directly attributed to a project and are direct costs.