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Term | Definition |
---|---|
Administrative cost | Expenses an organization incurs that are not directly tied to a specific function such as manufacturing, production or sales |
Benefits | Advantages or payments employees receive in addition to their wages (e.g., sick time, holiday pay, health insurance). |
Cost of production | The total amount of money spent on cost of materials, labor taxes, etc., to manufacture economic goods and services |
Costs of sales | The amount of money a business has paid for the product (good or services) it has sold. |
costs | The expenses involved with manufacturing, promoting, and distributing a product |
Professional Fees | Prices charged by individuals specially trained in specific feilds of arts and sciences |
Sales and Marketing Costs | |
Start-up costs | |
technology cost | |
wages | Operating expenses |
Operating expenses | |
fixed costs | |
variable costs | |
semi-variable costs | |
gross profit | |
break-even point |