Learn what prime cost means, its formula, and calculation methods to optimize profit margins and pricing strategies in manufacturing.

Direct materials are the supplies you use to manufacture your inventory: wood for cabinets, steel for girders or wool for coats. Accountants distinguish direct materials from indirect materials, which ...

Elizabeth Blessing is a financial writer and editor specializing in growth investing, high-yield stocks, small caps, and gold investing. Gordon Scott has been an active investor and technical analyst ...

Inventory includes finished products as well as materials a firm plans to further process. The exact process for adjusting inventory entries depends on the inventory accounting system the firm has ...

Polyurethanes, formed through the reaction of raw polyols with isocyanates, are one of the most widely used types of plastics today. By varying the starting materials, a diverse range of plastics can ...