indirect labour costs


indirect labour costs
/ˌɪndaɪrekt 'leɪbə kɒsts/ plural noun
the cost of paying employees not directly involved in making a product such as cleaners or canteen staff. Such costs cannot be allocated to a cost centre.

Dictionary of banking and finance. 2015.

Look at other dictionaries:

  • indirect labour costs — /ˌɪndaɪrekt leɪbə kɒsts/ plural noun the cost of paying employees not directly involved in making a product such as cleaners or canteen staff. Such costs cannot be allocated to a cost centre …   Marketing dictionary in english

  • indirect labour — ➔ labour * * * indirect labour UK US (US indirect labor) noun [U] ► ACCOUNTING the workers who are not directly involved in producing goods or supplying services, or the cost of paying those workers: »Indirect labour includes all labour not… …   Financial and business terms

  • labour costs — wages costs Expenditure on wages paid to those operators who are both directly and indirectly concerned with the production of the product, service, or cost unit. See also: direct labour cost, indirect labour cost …   Accounting dictionary

  • labour costs — wages costs Expenditure on wages paid to those operators who are both directly and indirectly concerned with the production of the product, service, or cost unit See also direct labour cost; indirect costs …   Big dictionary of business and management

  • labour — la‧bour [ˈleɪbə ǁ ər] , labor noun [uncountable] 1. work involving a lot of physical or mental effort: • The garage charges £65 an hour for labour. • those involved in repetitive, unskilled manual labour (= work that involves using your …   Financial and business terms

  • Indirect costs — are costs that are not directly accountable to a cost object (such as a particular function or product). Indirect costs may be either fixed or variable. Indirect costs include taxes, administration, personnel and security costs, and are also… …   Wikipedia

  • costs — Ⅰ. costs [plural] (also legal costs) ► LAW the money that helps pay for the lawyers and the court in a legal case, usually paid by the person or organization that has lost the case: »They were fined $50,000 and ordered to pay $10,000 in costs. →… …   Financial and business terms

  • Socially necessary labour time — in Marx s critique of political economy is what regulates the exchange value of commodities in trade and consequently guides producers in their attempt to economise on labour. Unlike individual labour hours in the classical labour theory of value …   Wikipedia

  • direct costs — 1) Product costs that can be directly traced to a product or cost unit. They are usually made up of direct materials costs (which can be charged directly to the product by means of materials requisitions), direct labour costs (charged by means of …   Accounting dictionary

  • direct costs — 1) Product costs that can be directly traced to a product or cost unit They are usually made up of direct materials costs (which can be charged directly to the product by means of materials requisitions), direct labour costs (charged by means of… …   Big dictionary of business and management


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