The Steps: Identify Direct and Indirect Costs - Deepstash

The Steps: Identify Direct and Indirect Costs

Direct Costs

Direct costs are the costs tied to the production or purchase of a product.

  • Direct labor
  • Direct materials
  • Manufacturing supplies
  • Fuel consumption
  • Power consumption
  • Production staff wages

Indirect Costs

Indirect costs go beyond costs tied to the production of a product. They include the costs involved in maintaining and running the company.

  • Utilities
  • Marketing campaigns
  • Office supplies
  • Accounting and payroll services
  • Insurance costs
  • Employee benefits and perks

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