Indirect V/S Direct Expenses: How Do They Work in Accounting?

 Source- Business Upside 

Manufacturing and selling things incur direct costs. Direct costs include the price of labour and the raw materials used to make a product.

No matter how active a company is, indirect costs must always be covered in order to maintain operations. Overhead is the phrase used to describe the expenses related to management, full-time employees, real estate, equipment, and other assets, in addition to utilities.

Direct Expenses: What Do They Mean?

Direct costs are costs that a business can quickly associate with a particular cost object, such as a project, division, or item. This category can comprise raw materials, tools, and equipment. It may also require labour as long as the labour is specific to the component, division, or project.

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