On your balance sheet, this number should be the same as your ending inventory from the previous accounting period. Your beginning inventory is how much finished product, raw materials and products in progress that you have on hand at the start of an accounting period. Indirect costs would include labor costs for those people who are not directly involved in producing the picture frames but are still necessary, such as shipping personnel. The direct labor costs would be for people who operate the machinery to make the picture frames. This also includes your labor costs related to shipping.įor example, if you manufacture picture frames, your direct costs include what you pay for materials, such as metal or paper for inserting stock photos into the frames.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |