A separation of the workforce into different labor categories based on tasks performed
Services provided by an entity’s employees. It is distinguished from services, which are provided by external parties.
The interactions between suppliers (workers) and buyers (employers) of labor. Labor is one the components of production (others include land and capital). The wage rate, the price of labor, is determined in the labor market by the interaction of suppliers and buyers of (demand for) labor
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Labor costs that are not identifiable directly with a single cost object, such as supervision. (Often used in the narrower sense of labor not specifically used on a product.)
Costs that are related to the number or cost of employees, other than the compensation earned by them
The variance caused by using more or fewer units of labor for a given quantity of outputs than was budgeted. It is calculated as: (Standard units of labor inputs allowed for actual outputs minus actual units of labor inputs used) multiplied by (budgeted average price per unit of labor input)
The variance that results from a difference in the actual mix of labor inputs from the standard mix of labor inputs. It is calculated as: [(Actual labor mix percentage minus budgeted labor mix percentage) multiplied by (actual total units of labor inputs used)], multiplied by (budgeted individual price per unit of labor input minus budgeted average price per unit of labor input)
The difference between the actual wage rate per hour and the standard wage per hour, multiplied by the number of actual hours of direct labor
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