There are two different types of labor costs -- direct and indirect. The two labor cost metrics, in the manufacturing sectors, are based on the labor required to produce products versus labor ...

Plant accountants factor labor cost to determine the effectiveness of their labor input. In order to determine the cost of a unit of production, it is necessary to add direct materials, direct labor ...

Direct labor rates are the labor costs directly resulting in the production of a product or delivery of a service. These costs include wages as well as payroll taxes, insurance, retirement matches, ...