Direct Labor Costs Calculator
Direct Labor Costs Calculator
Component | Description |
---|---|
Hourly Wage | The wage paid to employees on an hourly basis. |
Total Hours Worked | The total number of hours worked by employees. |
Direct Labor Costs | The total cost of labor directly involved in the production process. |
Formula | Direct Labor Costs = Hourly Wage × Total Hours Worked |
Purpose | Used to calculate the total labor costs associated with production, aiding in cost control and budgeting. |