percentage on direct labour cost

percentage on direct labour cost
A basis used in absorption costing for absorbing the production overheads into the cost units produced. The formula used is:
(budgeted production overheads × 100)/budgeted direct labour cost.

Accounting dictionary. 2014.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • 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

  • labour — la‧bour [ˈleɪbə ǁ ər] , labor noun [uncountable] 1. work involving a lot of physical or mental effort: • The garage charges £65 an hour for labour. • those involved in repetitive, unskilled manual labour (= work that involves using your …   Financial and business terms

  • Labour Party (UK) — Labour Party …   Wikipedia

  • on-cost — /ˈɒn kɒst/ (say on kost) noun a labour cost which is incurred over and above salaries and wages, such as payroll tax, workers compensation and other liability insurance, the cost of subsidised services to employees, training costs, etc., often… …  

  • History of the British Labour Party — This is about the history of the British Labour Party. For information about the wider history of British socialism see History of socialism in Great Britain. For more detailed information about the present Labour government see Current Labour… …   Wikipedia

  • Italy — /it l ee/, n. a republic in S Europe, comprising a peninsula S of the Alps, and Sicily, Sardinia, Elba, and other smaller islands: a kingdom 1870 1946. 57,534,088; 116,294 sq. mi. (301,200 sq. km). Cap.: Rome. Italian, Italia. * * * Italy… …   Universalium

  • Social Protection — ▪ 2006 Introduction With medical costs skyrocketing and government programs scaled back, citizens bore more responsibility for their health care costs; irregular migration, human trafficking, and migrant smuggling posed challenges for… …   Universalium

  • Mexico — /mek si koh /, n. 1. a republic in S North America. 97,563,374; 761,530 sq. mi. (1,972,363 sq. km). Cap.: Mexico City. 2. a state in central Mexico. 6,245,000; 8268 sq. mi. (21,415 sq. km). Cap.: Toluca. 3. Gulf of, Mexican, Golfo de México /gawl …   Universalium

  • Tax — Taxation An aspect of fiscal policy …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”