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Yeah, the various statutory requirements simply relate labor cost. It's always been that way and that's the way it likely enough will stay

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Direct and indirect labor costs?

Direct labor cost is that labor which directly related with manufacturing of products like machine workers etc while indirect labor cost is that labor cost which directly not manufacturing product but required as well like line mangers or factory supervisors salary etc.


What is the difference between 'direct labor' and 'indirect labor'?

Direct Labor: it is the type of labor which is directly related with the manufacturing of product in factory Like people directly working on machines for production of goods. Indirect Labor: it is the type of labor which is labor in nature but do not directly relate with the production of goods or without which the product can still be made like Supervisor in factory who supervise the workers working on machines to produce any product.


What budget provides the starting point for preparation of the direct labor cost budget?

The direct labor cost budget typically starts with the sales budget, as it outlines the anticipated sales volume and revenue. From the sales budget, management can estimate the production requirements needed to meet demand, which then informs the direct labor needs based on the labor hours required per unit of production. Additionally, historical data on labor efficiency and wage rates may also be considered to finalize the direct labor cost budget.


Is a manufacturing plant managers salary a direct labor cost?

Manufacturing plant manager is not directly related to manufacture of unit of product that's why it is not direct labor cost instead of that it is indirect cost and goes to overhead account


What is a payroll in tally?

In Tally, payroll refers to the management and processing of employee salaries, wages, and related financial records within the software. It enables businesses to efficiently calculate and disburse employee payments, track attendance, manage deductions, and generate payslips. Tally's payroll module also helps in compliance with statutory regulations, providing reports for tax and labor law adherence. Overall, it streamlines the entire payroll process, making it easier for organizations to manage their human resources.

Related Questions

Labor welfare work can be statutory only?

YES


Is housing facility a statutory provision in the plantations labor act 1951?

yes


What elements comes under statutory compliance?

Statutory compliance refers to the legal framework that organizations must adhere to, encompassing various elements such as labor laws, health and safety regulations, tax obligations, and environmental laws. It includes compliance with employee rights, wage regulations, workplace safety standards, and employee benefits. Additionally, organizations must ensure adherence to industry-specific regulations and reporting requirements. Non-compliance can lead to legal penalties, financial losses, and damage to reputation.


Statutory law includes legislation originally written for general population but is applied in specific instances to labor relations?

yes


What are and what is the difference between statutory and non statutory rights?

The difference between statutory and non statutory rights is that one is supplied by the government and the other one isn't. Statutory rights are bestowed by particular government to governed people and are relative to specific cultures and governments


How do you become a pharmacist assistant what requirements are there?

For the source and more detailed information concerning your request, click on the related links section (U.S. Department of Labor) indicated directly below this answer section.


What are the sources of law related to tourism and hospitality management?

Sources of law related to tourism and hospitality management include statutes and regulations at the federal, state, and local levels, industry standards and guidelines, contractual agreements, and case law. These sources govern various aspects, such as licensing requirements, safety regulations, labor laws, liability issues, and consumer protection measures within the tourism and hospitality industry.


In what circumstances may a captive accommodate a captor's requirements to perform labor?

The captive has no choice but to perform labor under any circumstances.


What are the Statutory holidays in US in 2008?

New Years day, Memorial day, Independence day (July 4), Labor day, Thanksgiving and Christmas, I believe.


What legislative requirements must the employer adhere to?

Employers must adhere to various legislative requirements, including labor laws governing minimum wage, overtime pay, and working conditions. They must comply with anti-discrimination laws that prohibit bias based on race, gender, age, and disability. Additionally, employers are required to follow health and safety regulations to ensure a safe workplace, as well as regulations related to employee benefits, such as the Family and Medical Leave Act (FMLA) and the Affordable Care Act (ACA). Compliance with these laws helps protect employees' rights and ensures fair labor practices.


What has the author Joyce M Najita written?

Joyce M. Najita has written: 'Guide to statutory provisions in public sector collective bargaining' -- subject(s): Collective labor agreements, Government employees, Grievance procedures, States 'Guide to statutory provisions in public sector collective bargaining: union security' -- subject(s): Collective labor agreements, Government employees, States, Union security


What group is a labor related interest group?

the GRANGE