labour costs


labour costs
= wages costs
Expenditure on wages paid to those operators who are both directly and indirectly concerned with the production of the product, service, or cost unit.

Accounting dictionary. 2014.

Look at other dictionaries:

  • labour costs — wages costs Expenditure on wages paid to those operators who are both directly and indirectly concerned with the production of the product, service, or cost unit See also direct labour cost; indirect costs …   Big dictionary of business and management

  • labour costs — / leɪbə kɒsts/ noun the cost of the workers employed to make a product (not including materials or overheads) …   Dictionary of banking and finance

  • unit labour costs — The total expenditure on labour per unit of output. A comparison between changes in productivity and unit labour costs in different countries enables economists to make predictions about changes in their competitiveness For example, if unit… …   Big dictionary of business and management

  • indirect labour costs — /ˌɪndaɪrekt leɪbə kɒsts/ plural noun the cost of paying employees not directly involved in making a product such as cleaners or canteen staff. Such costs cannot be allocated to a cost centre …   Marketing dictionary in english

  • indirect labour costs — /ˌɪndaɪrekt leɪbə kɒsts/ plural noun the cost of paying employees not directly involved in making a product such as cleaners or canteen staff. Such costs cannot be allocated to a cost centre …   Dictionary of banking and finance

  • Labour power — (in German: Arbeitskraft , or labour force) is a crucial concept used by Karl Marx in his critique of capitalist political economy. He regarded labour power as the most important of the productive forces. Under capitalism, according to Marx, the… …   Wikipedia

  • labour — la‧bour [ˈleɪbə ǁ ər] , labor noun [uncountable] 1. work involving a lot of physical or mental effort: • The garage charges £65 an hour for labour. • those involved in repetitive, unskilled manual labour (= work that involves using your …   Financial and business terms

  • Labour law — concerns the inequality of bargaining power between employers and workers. Labour law (also called labor law or employment law) is the body of laws, administrative rulings, and precedents which address the legal rights of, and restrictions on,… …   Wikipedia

  • labour economics — Study of how workers are allocated among jobs, how their rates of pay are determined, and how their efficiency is affected by various factors. The labour force of a country includes all those who work for gain in any capacity as well as those who …   Universalium

  • Labour-Management Relations — ▪ 1995 Introduction International Developments.       For most of the industrialized market economies, the outlook brightened as 1994 progressed, and inflationary pressures proved manageable. Unemployment, however, was forecast to rise to 8.5% in …   Universalium


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