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CO112

Direct Labor Costs

Direct Labor Costs measures the expense a company incurred to manufacture sellable products (Make Products). It includes the costs of salaries and wages, benefits, taxes, and insurance.

Calculation

Direct Labor Costs
=
Cost of Wages + Cost of Employee benefits + Cost of Employee Insurance + Other Direct Labor Costs   × 100 %
Revenue

where

Unit of measure: Currency

Importance

A lower number of days indicate better control of the costs to make sellable products/services.

Notes

Make Product

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Hierarchy

IDNameLevelx
CO11Cost of Goods Sold2CO11
CO112Direct Labor Costs3CO112

Process(es)

IDNameLevelx
P303Calculate Production Plan3P303
M202Schedule Make Orders3M202
M302Complete Order Engineering3M302
M303Schedule Resources3M303
M404Examine3M404
M410Transfer3M410

Term(s)

IDNameClearx
MakeMake ProductMake
Direct Labor Costs Cost Of Goods Sold 41120 3 {{{keywords}}} {{{description}}}