DIRECT COST Definition

Bookmark and Share

DIRECT COST is that portion of cost that is directly expended in providing a product or service for sale and is included in the calculation of COST OF GOODS SOLD, e.g. labor and inventory (it can be traced to a given cost object in an economically feasible manner). Opposite of indirect cost.

Learn new Accounting Terms

METICAI (METICAIS) is a currency of Mozambique.

CASH FLOW FROM OPERATIONS is the sum of all the individual operating activity cash flow line items, less cash realized from the sale of extraordinary items, e.g., fixed assets.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.