Labour
is a major factor in the cost element, especially in a manufacturing company or
sector. It can be direct or indirect cost, but its recording, evaluation,
control is given consideration by management.
is a major factor in the cost element, especially in a manufacturing company or
sector. It can be direct or indirect cost, but its recording, evaluation,
control is given consideration by management.
Definition
of Labour
of Labour
Labour
is defined as a cardinal input of production directly derived from human office.
It is known or sometimes called human resources which comprises of the mental
and physical, both invented or acquired used in the process of production. The human
labour cost manifest in form of salaries, wages and allowances.
is defined as a cardinal input of production directly derived from human office.
It is known or sometimes called human resources which comprises of the mental
and physical, both invented or acquired used in the process of production. The human
labour cost manifest in form of salaries, wages and allowances.