The Difference Between Gross Profit and Net IncomeGross profit looks at the amount of revenue remaining after direct costs. Net income factors in all costs.
What are Manufacturing Costs?Manufacturing costs are divided into manufacturing and non-manufacturing costs which are then further broken down into other categories.
What is a Direct Cost?A direct cost can be easily matched with a cost object. A cost object is something that a company is trying to measure costs for.
What is Managerial Accounting?Managerial accounting involves the utilization of financial information in reports that facilitate the proper management of a company.
Fixed Versus Variable ExpensesFixed expenses do not fluctuate with production/sales volume whereas variable expenses do.
What Is A KPI?KPI stands for Key Performance Indicator and they are ratios and calculations used to measure the performance within a business. They can b
Gross Profit and Gross Profit MarginGross profit and gross profit margin are two simple, but very important KPIs.