The direct cost of sales, also called the costs of goods sold, measures how much your company spends on the products it produces. Knowing your costs helps you set a price that includes some profit -- ...

In financial accounting and taxes, attributing expenses to the correct category isn’t just a tip or guideline; it’s a requirement when filing IRS forms, requesting grant funds, or reporting to ...

In manufacturing companies, labor and materials costs are broken into direct and indirect components. Direct costs are those that can be traced directly to the products that are being produced, while ...