What are the three largest items on the Branch Overhead Report?

The three largest items on the Branch Overhead Report are typically related to the essential recurring expenses that contribute significantly to the operational costs of running a branch. In this context, depreciation, phones/utilities, and rent represent substantial fixed and variable expenses that most branches must account for.

Depreciation reflects the allocation of the cost of tangible fixed assets over their useful lives, which is crucial for understanding the ongoing costs associated with maintaining and utilizing physical resources like buildings and equipment.

Phones/utilities encompass the necessary communication and utility services that a branch depends on to operate effectively. This includes things like electricity, water, and telephone services, which are indispensable for daily operations.

Rent represents the costs associated with leasing space for branch operations. Since location can heavily influence operational capabilities and customer reach, rent is often one of the largest fixed costs a branch incurs.

This combination of expenses provides a clear picture of the core overhead costs that branches face, underlining their importance when analyzing financial sustainability and operational performance. Other choices might include costs that are significant but typically do not reach the same level as depreciation, utilities, and rent when summarized in an overhead context.