Labor cost is a critical factor in small-business operations. It's common for a business owner to hire employees to perform specific duties essential to the business – especially as it grows. There ...

Cost allocations using the direct labor method of accounting work the best when a business produces only one or two types of products. Using this traditional method of determining a company's labor ...

Direct labor rates include wages, taxes, and benefits directly tied to producing goods or services. Exclude indirect labor like supervisors from direct labor rate calculations. Monitoring direct labor ...