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Definition of Oncost
1. n. In cost accounting, expenditure which is involved in the process of manufacture or the performance of work and which cannot be charged directly to any particular article manufactured or work done (as where different kinds of goods are produced), but must be allocated so that each kind of goods or work shall bear its proper share.
Definition of Oncost
1. Noun. Additional costs; extra expenses. ¹
2. Noun. (finance) Overhead (expense) ¹
3. Noun. (context: coal-mining) The cost of upkeep, making and maintaining shafts, roads, pumping, etc. ¹
4. Noun. (context: UK dialectal Scotland) The indirect expenditure incurred for the purpose of increasing the productive power of organised labour. ¹
¹ Source: wiktionary.com
Definition of Oncost
1. overhead expenses [n -S]
Lexicographical Neighbors of Oncost
Literary usage of Oncost
Below you will find example usage of this term as found in modern and/or classical literature:
1. Cost Accounts: An Explanation of Principles and a Guide to Practice by Leslie Whittem Hawkins (1905)
"ALTHOUGH the expenses which are to be covered by charging oncost are going on
continuously, it would be highly inconvenient to charge each job with ..."
2. Transactions of the Institution of Engineers and Shipbuilders in Scotland (1901)
"IN a previous paper read before this Institution in April, 1900, oncost was denned
as " the indirect expenditure incurred for the purpose of increasing the ..."
3. Single Cost Accounts by George Adam Mitchell (1907)
"Surface- oncost : Indirect Wages, Colliery Working Expenses. Trading Account.— III.
Management and Selling Expenses. It would be possible to subdivide the ..."
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