Direct labor rates are the labor costs directly resulting in the production of a product or delivery of a service. These costs include wages as well as payroll taxes, insurance, retirement matches, ...

When you calculate direct labor costs by multiplying an hourly rate by the number of hours worked, you won't end up with an accurate figure. The correct labor cost calculation includes federal, state ...

Labor costs are classified under two categories. Direct labor is associated with the actual production of goods or completion of services. These are the labor costs of manufacturing, quality control, ...