Within the labor category, there is direct labor and indirect labor. Direct labor goes directly into the product, while indirect labor contributes to the company's overall labor requirement.

You can sell a lot of products and still not make a profit. Your profits begin only after you have paid all the costs involved in obtaining, marketing and selling your goods. The point at which you ...

Oscilloscopes measure current and voltage and, through the magic of mathematics, calculate power. Unfortunately, power comes in a large number of guises: instantaneous, real, apparent, and reactive.

Contractors need to know how to correctly evaluate the in-place strength of concrete so they can determine to proper time to remove formwork, backfill or open up a pavement to traffic. Concrete must ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Gross national product (GNP) is a slightly ...