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 ...

In a business, all costs not directly related to the production and sale of products and services that create revenues for the business are called overhead costs. Overhead may be fixed or variable in ...

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 ...