What does administrative cost mean?

administrative cost meaning in Law Dictionary

the price of handling a company that's not attached to finance, advertising and marketing, or production.

administrative cost meaning in Business Dictionary

An expense sustained in managing and directing an organization, although not straight recognizable with funding, advertising and marketing, or manufacturing businesses. The wages of senior executives and expenses of general solutions (particularly accounting, contracting, and professional relations) are categorized as this heading. Administrative prices are related to the corporation as a whole rather than expenses associated with individual divisions. Also referred to as administrative expenses.