The University of Minnesota is preparing to change its definition of administrative costs in its budget proposals to the Minnesota Legislature, altering the amount of money the institution attributes ...

The cost of labor is the amount of employee wages and benefits, plus payroll taxes paid by an employer. The cost of labor can be broken into direct and indirect costs. Direct labor costs are those ...

Development costs are the costs a business incurs from researching, growing and introducing a new product or service. Development costs are commonly referred to as research and development costs.

The study that projects the costs and benefits of a new information system. Costs include people and machine resources for development as well as running the system. Tangible benefits are derived by ...

SAE Transactions, Vol. 106, Section 5: JOURNAL OF MATERIALS & MANUFACTURING (1997), pp. 772-776 (5 pages) The Value Engineering (VE) process, and therefore, the equation "Value = Function/Cost" is ...

Our Distressed Debt & Claims Trading Team examines how the Loan Syndications and Trading Association is updating its standard terms and conditions to prepare for the end of LIBOR. Changes revise the ...

Opportunity cost is a concept in economics that refers to the value of the next best alternative that is forgone when making a choice — i.e., the cost of the best alternative that is not chosen.