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Category Archives: Labour Costing
How to work out Labour Costs – Apprentice style.
Candidates on The Apprentice demonstrate how they calculate costs – eventually. http://bobnational.net/record/_w4IpPKwFn2X8iYIvIDI6I3 The Apprentice (BBC 11/11/15)
Posted in Labour Costing
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It’s not just the rate of pay we need to take into account when calculating labour rates
In our seminar and exam questions we tend to use a simple hourly rate of pay when calculating Direct Labour costs. The reality of course is more complicated. In addition to the money we give our employee per hour, there … Continue reading
Posted in Labour Costing
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Keeping people staff happy to improve profitability.
When Labour is a significant part of your production cost, making people happier will make you more profitable. Seems obvious to you and me as employees, but it doesn’t always seem to be a consideration when companies are planning costs. … Continue reading
Posted in Budgeting, Efficiency, Labour Costing
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