Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Thomas J. Brock is a CFA and CPA with more ...

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 ...