The cost of repairing the car includes parts andlabor. 2 [noncount] a:workers considered as a group an area in which there is a shortage of cheaplabor —often used before another noun alabordispute The company sought to cutlaborcosts by increasing its efficiency. ...
Laborcan be used to mean to perform productive work. Whilelaboringis normally for profit or payment, you might also labor at something like gardening or cleaning. Often, used in this waylaborcarries a sense of perseverance or adversity, meaning that the personlaboringis having a difficult time....
The rise of labor cost has brought far-influence to the Chinese economy and society,and it had caused people's extensive concern.However,people are still lack of consistent and reasonable consensus on the...
The meaning of INDIRECT LABOR is labor (as clerks, repair men, maintenance men) applied indirectly to a product in the manufacturing process so that the cost is not computable in, identifiable with, or chargeable directly to the specific product.
From Longman Dictionary of Contemporary Englishla‧bor/ˈleɪbə$-ər/noun,verbAWLtheAmericanspellingoflabourExamples from the Corpuslabor•Therepairscost$25 for parts and $60 forlabor.•Much of Harkin'ssupportcomes fromorganizedlabor. ...
Largely the balance depends on the overall cost of labor compared with the cost of automation. If labor costs increase drastically because of union strike perhaps, the company is more likely to invest in automation to lower its direct labor costs over time. If direct labor expenses are at a ...
The true cost of "cheap" labor: the costs associated with uncontrolled immigration and flooding the U.S. job market with foreign, low-wage laborers far outweigh any savings to be gained Do we have a responsibility to know if the things we buy were produced from child labor? Why or why ...
The meaning of DIRECT LABOR is labor (as machine operators) applied directly to a product in the manufacturing process so that the cost is computable, identifiable, and chargeable directly to the specific product —called also productive labor.
•Thelaborcostcanbeminimized;•Outputcanbeenhanced;•Thequalitycanbemaintainedwiththeproperutilizationof thelaborforce.2.MEANINGANDTYPESOFLABORANDLABORCOST •Weshalllearnthemeaningoflaborandthelabor cost.•Thepersonwhotransformsarawmaterialintothe finishproductinaproductionprocessisknownaslabor • For...
Cost Accounting›What is Indirect Labor? Definition: Indirect labor refers to worker’s hours that are spent on working on projects that cannot be traced back to specific production units or products. In other words, indirect labor is employee work that can’t be billed to goods produced....