Cost whose incurrence depends on the incurrence of another cost, and which would not have been incurred had the other cost not been incurred.
One of the two accounting techniques for charging-off bad debts (the other is called allowance method). In this method, the actual amount of uncollectible accounts receivable is deducted from the sales revenue in the accounting period in which they are determined to be uncollectible, instead of ...
A government levy on the income, property, or wealth of people or companies. A direct tax is borne entirely by the entity that pays it, and cannot be passed on to another entity.
The total amount of sales for a company that does not include direct costs.
Aggregate of all costs associated with a payroll.
Employees or workers who are directly involved in the production of goods or services. Direct labor costs are assignable to a specific product, cost center, or work order.
Credit enhancement (such as by pledging additional collateral or obtaining a third party guarantee) aimed at mitigating the negative effects of an adverse credit event or a counter-party default.
Method in which the cost of a product or operation is determined by allocating to it an appropriate portion of the variable (direct) costs. Direct costing treats fixed costs (overheads such as administrative and selling costs) as period costs (associated with time and not output). Also called ...
