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What (who) is direct cost - definition
Direct costs
COSTS WHICH ARE DIRECTLY ACCOUNTABLE TO A COST OBJECT
Direct cost; Specific cost
Direct costs are costs which are directly accountable to a cost object (such as a particular project, facility, function or product). Direct cost is the nomenclature used in accounting.
Direct labor cost
Direct labor cost is a part of wage-bill or payroll that can be specifically and consistently assigned to or associated with the manufacture of a product, a particular work order, or provision of a service. Also, we can say it is the cost of the work done by those workers who actually make the product on the production line.
Direct labour cost variance
Direct labour cost variance is the difference between the standard cost for actual production and the actual cost in production.
Examples of use of direct cost
1. "Child poverty is a direct cost of disability discrimination in the workplace.
2. The direct cost to YES for the compensation package, however, will be far lower.
3. "The cost is aimed at being the perceived cost of motoring: the direct cost of fuel plus some of the operating costs.
4. The direct cost of economic crime in the country has more than quadrupled to $12.8 million per company –– five times higher than the global average of $2.4 million.
5. Partial damage was caused to approximately 17,000 other residences and buildings, with the estimated direct cost of that damage reaching $82 million.