DIRECT EXPENSE Definition

Bookmark and Share

DIRECT EXPENSE is that portion of expense 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.

Learn new Accounting Terms

STATUTORY is relating to or created by statutes.

DISCRETIONARY COST can be increased or decreased at the discretion of the decision maker (e.g., advertising and business travel).

Suggest a Term

Enter Search Term

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