Indirect costs are those expenses that can't be directly traced to a specific product or service, but they are essential for the smooth running of a business. 📝 These costs play a crucial role in supporting the core operations. For example, rent for office space, utilities like electricity and water, and internet services fall under this category. 💼 Salaries of administrative staff, such as HR personnel and office managers, also count as indirect costs.

Then there are overheads like insurance premiums, property taxes, and maintenance fees for equipment. 🏢 Marketing and advertising expenses might also be considered indirect if they don't target a specific product line. Even office supplies like stationery and printer ink are part of these costs.

Understanding indirect costs helps businesses manage their finances better and make informed decisions about pricing and profitability. 💡 By accurately tracking these expenses, companies can ensure they cover all operational bases while maintaining healthy profit margins. It’s like the glue holding everything together behind the scenes! ✨