Direct labor rates are the labor costs directly resulting in the production of a product or delivery of a service. These costs include wages as well as payroll taxes, insurance, retirement matches, ...

Fully understanding generally accepted accounting principles is critical to avoid misstating amounts included on a balance sheet or income statement. In manufacturing and service businesses, direct ...

Manufacturing companies, both large and small, are required to include all costs of production when calculating inventory costs. Some costs, such as direct labor and materials, can be easily traced to ...