labor cost definition

labor cost

Wages paid to workers during an accounting period on daily, weekly, monthly, or job basis, plus payroll and related taxes and benefits (if any).

labor cost is in the Accounting & Auditing and HR, Teams, & Training subjects.

labor cost appears in the definitions of the following terms: direct labor efficiency variance, lagging indicators, inflation, distributed labor cost, variable production overhead efficiency variance, scanlon plan, Rucker plan and wage push inflation

labor cost appears in the other terms: sue and labor costs, distributable labor cost, direct labor cost

This content can be found on the following page:

http://www.businessdictionary.com/definition/labor-cost.html