The use by a UK local authority of its own employees for work such as refuse collection or maintenance of its housing stock, as an alternative to contracting out.
In a standard costing system, Direct Labour Efficiency Variance compares the actual labor time taken to complete an activity with the standard time allowed, valuing the difference at the standard direct labor rate per hour. This variance affects budgeted profit based on labor efficiency.
An hour spent working on a product, service, or cost unit produced by an organization by those operators whose time can be directly traced to the production. The direct labour hour is often used in absorption costing as a basis for absorbing manufacturing overheads to the cost unit.
An in-depth exploration of the method used to absorb production overheads into cost units using the direct labour cost percentage.
An exploration of the Standard Direct Labour Rate, its historical context, applications, and importance in accounting and management.
