A direct cost of raising a child includes expenses such as food, clothing, and childcare. These costs are directly associated with meeting the child's daily needs and are typically incurred on an ongoing basis. Other examples might include medical expenses and education-related costs.
Following are the prime cost items: 1 - Direct material 2 - Direct labor
Other direct cost is direct cost other than direct material and direct labor which is prime cost of production.
prime cost = direct labour cost + direct material cost + direct expenses
Direct cost is cost of product while direct costing is the process which study or accounts the direct cost allocation to products.
Average direct labor cost is the opening direct labor cost + closing direct labor cost / 2
The approximate cost of raising a child for eighteen years is $245,340.
The approximate cost of raising a child for eighteen years is $245,340.
Dokie
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raising minimum wage
Following are the prime cost items: 1 - Direct material 2 - Direct labor
The average cost of raising a child per year in the United States is around 13,000 to 25,000, depending on factors like location, income level, and family size.
It is a lifetime debt...lol It depends on where you live,and if you receive public assistance or not.. The cost of raising a child increases as the child gets older.. In the US The average cost of raising a child from birth to age 18 is between $170,460 to $204,060 It costs about 201,809 [its whole life] x x x lol
Following are direct costs:1 - Cement2 - workers3 - Electricity etc
Let's face it - babies are expensive. It's good that you're thinking about the costs to have one! There's a great online site where you can use their Cost of Raising a Child Calculator to find out just how much it'll cost. Here's the link: http://www.babycenter.com/cost-of-raising-child-calculator
The term cost implication means the actual cost that something will entail. For instance, if a person wants to decide how much having a child will cost, he has to take into consideration all the cost implications that are involved with raising a child, such as food, clothing, medical expenses and school.
Birthrates drop, and may even drop low enough to reverse population growth. There are fewer infant and child deaths.