Companies can categorize their expenses into two categories: direct expenses and indirect expenses. Direct expenses are those that contribute directly to the product or service. The American Heritage ...

Pricing is a key marketing strategy to help you stay ahead of the competition, maximize sales and generate the highest potential gross profits. Without knowing your overhead and labor costs, it's ...

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 ...

Prime costs are all of the costs that are directly attributed to the production of each product. Prime costs are direct costs, meaning they include the costs of direct materials and direct labor ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Nonprofits that spend more on information technology, facilities, equipment, staff training, program development, and fundraising tend to be more successful than those that skimp on these “overhead ...

Although the inflation rate is down, law firms are still fighting "across-the-board" cost increases, including for talent and technology, as well as overhead costs for occupancy. Those costs are ...

New York City human services organizations which often rely on city contracts to operate have long complained that contracts don’t cover enough of their overhead costs. Addressing those concerns, the ...