An indirect cost refers to a cost that is not easily or directly traceable to a specific product, service, or cost object. Unlike direct costs, indirect costs cannot be conveniently and accurately...
Posts by Caroline Grimm
Direct materials refer to the raw materials or components that are directly and visibly incorporated into a finished product. These materials are used in the manufacturing or production process and...
Direct labor refers to the wages, salaries, and benefits of employees who are directly involved in the production or manufacturing process of a product or the delivery of a service. These employees...
A direct cost refers to a cost that can be easily and directly traced to a specific product, service, or cost object. These costs are incurred specifically for the production or provision of a...
What is the Difference Between Common Stock and Preferred Stock?
When it comes to raising capital for a business, companies can issue different types of securities to investors. Two common types of securities are common stock and preferred stock. While both types...
From Entry-Level to Expert: The Stages of an Accounting Career
I didn't start out in an accounting career. My interest was in small business management. Accounting was definitely an afterthought. That afterthought came as my classmates and I were graduating from...