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 ...

There are two different types of labor costs -- direct and indirect. The two labor cost metrics, in the manufacturing sectors, are based on the labor required to produce products versus labor ...

Benjamin Franklin famously said that nothing is certain in life except for death and taxes. Taxes are so certain, in fact, that people and businesses pay them almost every day without even realizing ...

Indirect costs, also known as facilities and administrative (F&A) costs or overhead, are expenses incurred by an organization in support of its overall operations that cannot be easily attributed to a ...