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What is the average direct labor cost in manufacturing?
Average direct labor cost is the opening direct labor cost + closing direct labor cost / 2
How much tax will be on LTA?
You can claim LTA only two times in a block of four years. Anyways, If your LTA in a year is Rs. 50,000/- and your actual travel expenses is Rs. 25,000/- the remaining 25,000 is fully taxable and you will pay tax as per your tax slab If your LTA in a year is Rs. 50,000/- and your actual travel expenses is Rs. 55,000/- the full 50,000 is tax free
Is indirect labor a variable cost?
If indirect labor change with the change of units of product then indirect labor is a variable cost. If change in the quantity of units has no impact on indirect labor cost then it is a fixed cost.
Is direct labor cost a relevant cost?
If direct labor cost creates impact or influences the decision then it is relevant cost but if direct labor is not creating influence or changing in decision then it is irrelevant cost for example direct labor cost remain same irrespective of whatever the decision then direct labor cost is also irrelevant.
What percentage of amount will be deducted if do not take leave while claiming LTA?
Full If you were not on leave when the travel happened, you cannot claim LTA Tax benefits. The full amount will be taxable
What does Lta stand for when used to describe glass light transmission?
Light Transmission Aggregometry (LTA)
What is a LTA Vehicle?
LTA vehicles are a new concept design of vehicles that are "lighter than air." LTA projects are often seen in schools to test students ability to design. LTA vehicles may be constructed with balsa wood, balloons, epoxy, and helium.
How do you claim LTA?
You need to first be on a travel with your family. The travel expense (bus/train tickets) can be claimed as LTA If you get LTA as a fixed amount each year, you submit this proof to avail tax benefit. If your company reimburses LTA, then you submit this proof and get the money reimbursed.
What do you mean by labor cost variance?
Labor cost variance means the difference between standard labor cost and actual labor cost.
What is the average direct labor cost in manufacturing?
Average direct labor cost is the opening direct labor cost + closing direct labor cost / 2
How much tax will be on LTA?
You can claim LTA only two times in a block of four years. Anyways, If your LTA in a year is Rs. 50,000/- and your actual travel expenses is Rs. 25,000/- the remaining 25,000 is fully taxable and you will pay tax as per your tax slab If your LTA in a year is Rs. 50,000/- and your actual travel expenses is Rs. 55,000/- the full 50,000 is tax free
What does nl1 mean in tennis?
NL1Non LTA qualification NL1 coaches have a qualification from another country with a competency levelthat is very similar to the LTA Coach qualification.
When would you use direct labor as cost driver?
In labor intensive industry direct labor cost is used as cost driver.
Is labor rates and labor cost are the same thing?
Rates is cost-per-hour, labor cost is the total, regardless of time.
Full form of lta?
What is the full form of ita
What does the acronym LTA mean?
La Tenes Adentro!
What does LTA stand for in sport?
Lawn Tennis Association
