Knowing the difference between direct and indirect costs is important for pricing, taxes, and financial health. See how these expenses differ and why it matters.

A prime cost is the total direct cost of production, including raw materials and labor. Indirect costs, such as utilities, managerial salaries, and delivery costs, are not included in prime costs.

Discover how cost accounting treats overhead expenses, how those expenses are different from direct labor, and what counts as overhead.

Two months after the National Institutes of Health unilaterally capped indirect research cost reimbursement rates at 15 percent—which a federal judge has permanently blocked—the Department of Energy ...

Indirect costs include lab construction, research equipment and hazardous waste removal. Lowering caps on indirect costs could lead to fewer graduate program positions. Multiple states are ...

Since lab space in New York City, for example, costs more than in Lincoln, Nebraska. Columbia University has a higher IDC rate ( 64.5% ) than the University of Nebraska ( 55.5% ).