English to English translations [PRO]
Accounting / accounting | | English term or phrase: management costs | | what are they?..and its examples. |
| | | see comment. | Explanation:
The term 'management costs' is used to differentiate between production-related/actual-factory-related costs and other costs. Raw-material, electricity, wages, processing - all these are production costs. To discrimate from these costs, all other indirect costs incurred in carrying out a business would ideally be termed 'management costs' - such as fees paid to consultants, administrative expenses, etc.
Hth.
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| Selected response from:
SanjaySAgrawal
Local time: 01:14
| Grading comment Graded automatically based on peer agreement.
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4 mins confidence: 
1 hr confidence:  Controlling costs
Explanation:
Management costs are indirect costs which are FIXED and do not vary with volumes. It is the cost of all the surrounding people who indirectly help in converting the input to output, by managing their needs. Example: Personnel & Office Administration / Security / Legal / Maintainance etc..etc..
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9 hrs confidence: peer agreement (net): +2 see comment.
Explanation:
The term 'management costs' is used to differentiate between production-related/actual-factory-related costs and other costs. Raw-material, electricity, wages, processing - all these are production costs. To discrimate from these costs, all other indirect costs incurred in carrying out a business would ideally be termed 'management costs' - such as fees paid to consultants, administrative expenses, etc.
Hth.
| SanjaySAgrawal
Local time: 01:14
Specializes in field
Native speaker of:  Hindi
PRO pts in category: 8
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| | Grading comment | Graded automatically based on peer agreement. |
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The translation workplace 
