Examples of Labour Cost in a sentence
Only offers from bidders with “Mark-up and Overheads” of at least 15% of Total Direct Labour Cost will be considered.
Cost Accounting: Objectives, Classification of Cost, Preparation of Cost Sheet, Material Cost Accounting, Perpetual Inventory Control, Inventory Valuation, EOQ, ABC Analysis, Setting of Reorder Level, Maximum Level, Minimum Level, Labour Cost Accounting, Remuneration and Incentive Schemes.
As the index utilized for the actual Labour Cost component may not be available for the complete calendar year, the consecutive 12 month period for which the index utilized for the Labour Cost component is most recently available is used as a substitute for the calendar year for purposes of the Labour Cost component inflation adjustment.
Labour Cost required to carry out the repair or replacement of the damaged child-parts of the Engine or damaged gear box, differential and transmission assembly.
In intervening years, these costs will be increased by the annual movement in an appropriate index, such as the Producers Price Index or the Labour Cost Index, and will be checked for continued reasonableness by the Milk Price Group against movements in Fonterra’s actual and budgeted costs, having particular regard to any significant change in Fonterra’s overhead costs (such as any change resulting from a restructuring).
Prime Cost.- The aggregate of Direct material Cost, direct Labour Cost and Variable Direct expenses (or chargeable expenses) is the prime Cost.
UNIT-III: LABOUR AND OVERHEADS:Labour: Direct and Indirect Labour Cost – Methods of Payment of Wages (only Incentive Plans): Halsey, Rowan, Taylor Piece Rate and Merrick Multiple Piece Rate Methods.Overheads: Classification - Methods of Allocation - Apportionment and Absorption of overheads.
For the analysis of training and wages we have used data from the Structure of Earnings Sur- veys of the years 2002 and 2006 and have linked them with data from the Labour Cost Sur- veys of the years 2000 and 2004.
For the purposes of this adjustment calculation, “inflation” will be determined on the basis of two components: a) a Consumer Price Index (“CPI”) component, weighted at 65%, based on the annual Conference Board of Canada’s forecast for Statistics Canada CANSIM Services V41694625 – CPI, 2005 Basket, 2002 = 100, Alberta, All Items; and b) a Labour Cost component, based on the annual Conference Board of Canada’s forecast for Statistics Canada CANSIM Series V1603533, weighted at 35%.
Cost includes direct material, Work Expenditure, Labour Cost and appropriate overheads excluding refundable duties and taxes.