COST AND MANAGEMENT ACCOUNTING (MALİYET VE YÖNETİM MUHASEBESİ) - (İNGİLİZCE) Dersi Labor Costs soru detayı:

PAYLAŞ:

SORU:

What is the definition of labor costs?


CEVAP:

Labor cost is one of the main components of cost classification by nature. The term labor does not only cover the employees working physically in production, but also covers the employees working for the business in any department whether providing a physical or mental contribution. Thus, labor cost includes all the salary and wages paid to those employees plus the benefits, taxes and etc. Therefore, expenditure on labor occupies a major place among total costs.