Labor can account for the largest expense of manufacturing products. You should always keep track of your labor cost per unit to make sure that wages are not growing faster than profits. To do this, ...

Unit labor cost refers to the amount of personnel expenses to make one item of your product. Knowing your total cost per unit can help you plan your pricing, see how different sales levels affect your ...

Direct labor rates are the labor costs directly resulting in the production of a product or delivery of a service. These costs include wages as well as payroll taxes, insurance, retirement matches, ...