For a company engaged in manufacturing, determining the value of inventory can be complicated. The company must account for the raw materials used in making its products, the direct labor required and ...

Manufacturing businesses have costs associated with manufacturing and nonmanufacturing business functions. These costs are directly apportioned to the direct versus indirect costs associated with ...

Costs in a business are traditionally divided into operating and administrative categories. Both are necessary for the company, but operating costs are closely tied to specific products and services ...