Powers Manufacturing Overhead Calculator
Every day, competition becomes fiercer, and customers demand more from manufacturers. Because of this, the need for organization leaders to understand and control overhead is critically important. Understanding your manufacturing overhead costs will not only give you insight into the price of materials charged by suppliers so that you’ll be able to negotiate better prices with your suppliers, but it also gives you the financial information needed to ensure your business remains profitable.
We’ve created the Manufacturing Overhead tool below to help you track your direct and indirect labor costs and to take the guesswork out of calculating your overhead amounts and rate.
According to industry standards, the average overhead rate for manufacturers is ~35%.
Concerned about your business’s overhead costs and/or profitability? At POWERS, we have a strong understanding of manufacturing overhead, and we focus on helping organizations to be more efficient so that they can reduce all of their expenses.