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What is an example of variable expense?
labor costs, raw material, transportation, etc
What are example of variable expenses?
Variable costs are costs that increase in total as output increases. For example, total labor costs increase per each hour worked; total direct materials costs increase per unit produced, etc.
Costs can either be prime costs or conversion costs but not both?
direct labor
What is a labor costs?
Labor Cost is the direct labor utilized to manufacture the product. For Example: 10 labor hours required to manufacture 1 unit of product and labor cost per hour is 10 so total labor cost to manufacture 1 unit is 100 (10 * 10).
Is Direct Labor included in Overhead costs?
Direct labor are not part of overhead costs and shown separately while indirect labor are part of overhead costs and included in overhead cost because those labor cannot be allocated separately or identifiable separately.
Which is an example of how employers have lowered labor cost?
moved factories to other countries =)
Negotiations between labor and employers?
The negotiations between labor and employers is collective bargaining.
Who lowered wages during economic depression?
During an economic depression, it is typically employers who may lower wages in order to cut costs. This can be a result of decreased demand for goods and services, leading to reduced profitability and the need to scale back expenses, including labor costs. However, it is important to note that wage reductions can also be influenced by government policies or collective bargaining agreements.
What is an example of variable expense?
labor costs, raw material, transportation, etc
Why do US companies outsource jobs?
To reduce labor costs
What was the legacy of the haymarket riot amog employers?
Employers grew more suspicious of labor unions.
What are example of expenses?
Variable costs are costs that increase in total as output increases. For example, total labor costs increase per each hour worked; total direct materials costs increase per unit produced, etc.
What are example of variable expenses?
Variable costs are costs that increase in total as output increases. For example, total labor costs increase per each hour worked; total direct materials costs increase per unit produced, etc.
What is conversion costs?
Pricing is based on direct labor and overhead. Materials does not affect pricing. Example: Your customer provides materials used in production.
What is a consideration when determining the amount of specialized division of labor in a workplace?
For example, the degree of specialization and division of labor can be related to the size of the organization; typically, small and mid-sized employers are not able to cost justify specialized division of labor.
Who negotiations between labor and employers?
Usually the unions represent labour and the management represent the employers.
What percentage of employers offer paid vacation time?
Bureau of Labor Stats: About 85% of all employers and 95% of large employers.
