Labour costs, Cost Accounting

Labour Costs

Definition of Labour Cost

A labour cost refers to all the costs incurred in compensating the human resources used in the production process to provide a useful service. Such compensation generally comes in the form of like:

a. Overtime pay

b. Basic salary

c. Allowances

d. Bonus

e. Wages

Posted Date: 2/5/2013 5:46:57 AM | Location : United States







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