Excise, Overhead, Handling
Okay kiddo, let me explain to you about excise, overhead, and handling.
Excise is like a special tax that the government charges on certain products like alcohol, cigarettes and gasoline. When we go to the store to buy these things, we pay extra money for the excise tax.
Overhead is the money that a company spends on things they need to keep their business running. This can include things like rent for their office or store, salaries for employees, and utilities like electricity and water. So, when a company sells a product, some of the money they get paid goes towards covering these overhead expenses.
Handling is when a company spends money on things like packaging, labeling and shipping their products. For example, if you order a toy from an online store, the company needs to spend money to wrap the toy and put a label on it, and pay for shipping costs to send it to your house. These expenses are part of the handling costs.
So, in summary, excise is a special tax on certain products, overhead is the money a company spends to keep their business running, and handling is the money a company spends on things like packaging and shipping their products.
Excise is like a special tax that the government charges on certain products like alcohol, cigarettes and gasoline. When we go to the store to buy these things, we pay extra money for the excise tax.
Overhead is the money that a company spends on things they need to keep their business running. This can include things like rent for their office or store, salaries for employees, and utilities like electricity and water. So, when a company sells a product, some of the money they get paid goes towards covering these overhead expenses.
Handling is when a company spends money on things like packaging, labeling and shipping their products. For example, if you order a toy from an online store, the company needs to spend money to wrap the toy and put a label on it, and pay for shipping costs to send it to your house. These expenses are part of the handling costs.
So, in summary, excise is a special tax on certain products, overhead is the money a company spends to keep their business running, and handling is the money a company spends on things like packaging and shipping their products.