direct cost


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direct cost

[də¦rekt ′kȯst]
(industrial engineering)
The cost in goods and labor to produce a product which would not be spent if the product were not made.
References in periodicals archive ?
It is vital that you be meticulous when calculating direct costs for a job.
0 SOURCE: MBA 2002 COST OF SERVICING STUDY Figure 7 2001 Weighted Average Outsourcing (%) by Direct Cost Center Percent of function outsourced based on FTEs Customer Service 11% Escrow Administration, Taxes, 38% Insurance Investor Services and Cashiering 7% Default 11% Other 2% SOURCE: MBA 2002 COST OF SERVICING STUDY Note: Table made from bar graph Figure 8 2001 Payment Collections Via the Internet 1% Via Other Electronic Means 8% Coupons 21% Statements 49% ACH 15% In Bank Branch 6% SOURCE: MBA 2002 COST OF SERVICING STUDY Note: Table made from pie chart Figure 9 2001 Cashiering Methods (%) Peer Groups by 000s Loans Serviced 2001 <100 100-399 400-999 >1,000 Total ACH/Electronic 17.
In addition to these deductions, General Signal claimed deductions equal to 35 percent of the prior year's qualified direct costs (other than insurance premiums) for incurred but unclaimed medical benefits without demonstrating a reasonable necessity for the amounts.
The qualified direct cost of insured death benefits can be based on Table 2001, (1) or another acceptable method of determining the actual cost of the death benefit.
However, inclusion of a COEC allows the center to make an additional request of up to $100,000 annual direct costs.
This is all the more problematic because (1) it is contrary to the City's own, long-term prior practice of correctly including all insurance charges as a direct cost item to be paid as incurred (rather than including them in the same 10% overhead limitation), and (2) it comes at a time of an historic crisis in both insurance coverage underwriting and insurance pricing.
NACE International, the corrosion society, Houston, Texas, USA released a two-year study which estimates the direct cost of corrosion in the United States to be US$ 276 billion annually.
Liberty Mutual's 2002 Workplace Safety Index found that the direct cost of workplace injuries--payments made to injured workers and their medical care providers--rose 3.
The insurer, a provider of workers compensation insurance products and services, identified the leading causes of job site accidents and illness and associated direct cost using its own claims data and findings from the Bureau of Labor Statistics and the National Academy of Social Insurance.
The more profitable servicers identified by KPMG realized reductions in direct cost per loan.