direct labour

Workers directly concerned with the production of a product, service, or cost unit, such as machine operators, assembly and finishing operators, etc.

Accounting dictionary. 2014.

Look at other dictionaries:

  • direct labour — ➔ labour * * * direct labour UK US noun [U] UK ► (US direct labor) ACCOUNTING the workers who are directly involved in producing goods or supplying services, or the cost of paying those workers: »Direct labor costs are rising in the manufacturing …   Financial and business terms

  • direct labour — noun Labour employed directly, not through a contractor • • • Main Entry: ↑direct …   Useful english dictionary

  • direct labour — /dərɛkt ˈleɪbə/ (say duhrekt laybuh) noun the direct employment of labour in the building industry by the promoter of the work instead of through a contractor. Also, direct labor …   Australian English dictionary

  • direct labour — Workers directly concerned with the production of a product, service, or cost unit, such as machine operators, assembly and finishing operators, etc. Compare indirect labour …   Big dictionary of business and management

  • direct labour — /daɪˌrekt leɪbə/ noun the cost of the workers employed which can be allocated to a product, not including materials or overheads …   Marketing dictionary in english

  • Direct labour cost variance — is the difference between the standard cost for actual production and the actual cost in production.[1] There are two kinds of labour variances. Labour Rate Variance is the difference between the standard cost and the actual cost paid for the… …   Wikipedia

  • direct labour hour rate — labour hour rate 1) The individual rate of pay per hour paid to operators categorized as direct labour 2) An absorption rate used in absorption costing. It is obtained by the following formula: (budgeted cost centre overheads)/(budgeted direct… …   Accounting dictionary

  • direct labour cost — direct wages Expenditure on wages paid to those operators who are directly concerned with the production of a product, service, or cost unit It is one of the cost classifications making up the direct cost of a cost unit; it is quantified as the… …   Big dictionary of business and management

  • direct labour cost — direct wages Expenditure on wages paid to those operators who are directly concerned with the production of a product, service, or cost unit. It is one of the cost classifications making up the prime cost of a cost unit; it is quantified as the… …   Accounting dictionary

  • direct labour efficiency variance — In a standard costing system, a variance arising as part of the direct labour total cost variance. It compares the actual labour time taken to carry out an activity with the standard time allowed and values the difference at the standard direct… …   Accounting dictionary

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