The portion of the total cost of production of a product or fulfillment of a service that is associated with salaries, benefits, taxes, and other expenses related to the personnel needed for the process. This does not include indirect labor costs such as accounting, human resources, or other administrative functions that support the process or personnel.
Related information about direct labor cost:
- Direct labor cost - Wikipedia, the free encyclopedia
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 ...
- Direct Labor - Standard Cost and Variances | AccountingCoach.com
This means that for any given good output, we can compute the direct labor rate variance, the direct labor efficiency variance, and the standard direct labor cost ...
- How to Calculate Direct Labor Cost | eHow.com
How to Calculate Direct Labor Cost. Many companies underestimate direct labor cost. The trick for calculating your direct labor cost is making sure you include ...
- Direct Labor Cost Method | Chron.com
Businesses large and small incur costs for materials and labor for all goods or services produced. Adequately controlling labor costs is essential to achieving ...
- What is direct labor cost? definition and meaning
Definition of direct labor cost: The part of a payroll that can be specifically and consistently assigned to or associated with the manufacture of a product, ...
- Direct Labor Cost - Homework Help: Maths, Physics, Chemistry ...
The calculation of direct labor cost does not include just the payment of wages but also how it impact the company's insurance premiums, benefits costs, payroll ...
- What is direct labor cost? - Questions & Answers - AccountingTools
Nov 3, 2010 ... Direct labor cost is wages that are incurred in order to produce specific goods or provide specific services to customers. The total amount of ...
- Allocation of Direct Labor
When products absorb costs of direct labor hours this way, Internal Accounting can report absorbed direct labor cost as a standard cost. Internal Accounting ...