0
Direct labor for service company is the salary or wage cost of the person who is performing the services like in software industry the salary of software engineer is direct labor cost as well as the technical lead etc.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What is direct labor in service industry?
Direct labor is labor that directly interacts with customers in the service industry. For instance, waitresses are considered direct labor.
Is direct labor and direct material having any link with direct expenses?
Both direct labor and direct material are part of direct expenses incurred by company to manufactured goods or providing services and both have direct relations with direct expenses it means as much as direct material and direct labor as much the direct expenses which is total of both of them.
What does an unfavorable direct labor price variance indicate?
Unfavorrable direct labor price variance indicates that business has incurred more direct labor cost for production of units of product then standard labor cost. For example if standard cost of direct labor for producing 1 unit is 10 and company incurred 105 for making 10 units then extra 5 is unfavorable direct labor cost variance.
What is the differences between Fixed Direct labor with variable direct labor?
Direct labor which do not vary with level of production is fixed direct labor while labor vary with change in production is variable direct labor.
What is the average direct labor cost in manufacturing?
Average direct labor cost is the opening direct labor cost + closing direct labor cost / 2
What is direct labor in service industry?
Direct labor is labor that directly interacts with customers in the service industry. For instance, waitresses are considered direct labor.
Is direct labor and direct material having any link with direct expenses?
Both direct labor and direct material are part of direct expenses incurred by company to manufactured goods or providing services and both have direct relations with direct expenses it means as much as direct material and direct labor as much the direct expenses which is total of both of them.
What does an unfavorable direct labor price variance indicate?
Unfavorrable direct labor price variance indicates that business has incurred more direct labor cost for production of units of product then standard labor cost. For example if standard cost of direct labor for producing 1 unit is 10 and company incurred 105 for making 10 units then extra 5 is unfavorable direct labor cost variance.
What is Input cost of supply?
cost of direct material, direct labor, and other overhead items devoted to the production of a good or service.
What is the differences between Fixed Direct labor with variable direct labor?
Direct labor which do not vary with level of production is fixed direct labor while labor vary with change in production is variable direct labor.
How do you calculate total manufacturing cost?
Weaver Company's predetermined overhead rate is $18.00 per direct labor-hour and its direct labor wage rate is $12.00 per hour.
What is wrap rate?
When it comes to accounting and bookkeeping for a business, wrap rate is the rate in which a company must bill out its direct labor. It is also commonly known as direct labor â??multiplierâ??.
What is the average direct labor cost in manufacturing?
Average direct labor cost is the opening direct labor cost + closing direct labor cost / 2
Compensation has no bearing on a company's performance?
Compensation has no bearing on a company's performance is a false statement. The compensation system of a company has a direct relationship on labor costs.
What is direct material and direct labor?
Direct material is material that is contained in the final product. Direct labor is labor that ultimately forms the final product.
What is the total cost for a job if direct materials are 5500 and direct labor is 3300 and the company charges 16 percent above total cost?
It is 10208.
What is a direct labor budget?
Direct labor budget tells the management that how much direct labor is required to finish the production of units.
