The direct cost of an item is the portion of that item's cost that can be wholly assigned to the production of that item. Direct cost typically refers to materials, labor and expenses associated with ...

Learn what prime cost means, its formula, and calculation methods to optimize profit margins and pricing strategies in manufacturing.

There are many inputs related to the production of goods and services, not to mention the associated production costs. These expenses can be divided into different categories. Direct costs and ...

If you own your own business or are responsible for running someone else's company, you'll have to separate your production costs into various categories before you can analyze how well your business ...

Melissa Horton is a financial literacy professional. She has 10+ years of experience in the financial services and planning industry. Thomas J Catalano is a CFP and Registered Investment Adviser with ...

Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. This is the second article in a multi-part ...

Communication-It is the cornerstone of business success today. And nowhere is that more apparent than on the Internet. Consider the almost overnight acceptance of e-mail. Now e-mail is the standard in ...