This practice allows businesses to track and manage costs more accurately, though this does mean it needs a deliberate way of allocating expenses to each department, some of which may be cost centers.

Jessica Olah / Investopedia An activity cost driver is an action that triggers higher or lower variable costs for a business. Sometimes referred to as a causal factor, it is associated with the ...

LendingTree looked at towns with populations between 10,000 and 50,000 with the most expensive median home values.

South Carolina utility companies want to bill customers along the way for the cost of new construction, before power plants ...

Thinking of ditching the expensive big city you live in for a more affordable small town? Make sure you pick the right small ...

The prime cost calculates the direct costs of raw materials and labor that are involved in the production of a good. Direct ...

Rich is often an ambition but rarely a game plan. What does it mean to be rich or wealthy or to have money? What you have in ...

A new plan set forward by AES Ohio would impact the price you pay. According to AES Ohio, the company is deploying Smart Grid ...

Definition: True cost economics is an economic model that includes the cost of negative externalities associated with goods and services. Description: If the prices of goods and services do not ...

But what does “cost of living” really mean, and can understanding it help you budget better? Let’s take a deeper look. The cost of living is the amount of money households need to cover the ...

which might mean additional trips such as doing the school run, ferrying children to parties, or days out with relatives.