The Difference Between Gross Profit and Net Income
Gross profit looks at the amount of revenue remaining after direct costs. Net income factors in all costs.
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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 an Indirect Cost?
An indirect cost is not caused by a specific cost object.
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.
Classifying Costs
Classifying costs for management decisions is a powerful and under utilized tool.
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 Expenses
Fixed 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 Margin
Gross profit and gross profit margin are two simple, but very important KPIs.