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Consider the clustered bar chart of the dashboard developed to monitor the performance of a call center: This chart allows the IT manager to
Direct Costs
Expenses that can be directly traced to the production of specific goods or services, such as raw materials and labor.
Period Costs
Expenses that are not directly associated with the production process and are expensed in the period they are incurred.
Financial Reporting
The process of producing statements that disclose an organization's financial status to management, investors, and regulators.
Direct Manufacturing Cost
Expenses that are directly attributable to the production of goods, including materials and labor directly involved in the manufacture.
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