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What do you mean by labor cost variance?
Labor cost variance means the difference between standard labor cost and actual labor cost.
What is a labor ratio and what line items belong in it?
A labor ratio is the percentage of labor spent vs the amount of revenue earned. A labor ratio is the percentage of labor spent vs the amount of revenue earned.
240000 dollars were spent in a sales company 40 percent of it was on labor How many dollars were spent on labor?
Total amount spent = $ 240000 % to be spent on Labor = 40% Amount to be spent on labor = 240000 * (40/100) = 96000 The company will spend $96000 on Labor.
How do you compute predetermined overhead rate as a percentage of direct labor costs and direct labor hours?
Predetermined overhead rate based on direct labor cost = Budgeted overhead cost / direct labor cost / 100 Predetermined overhead rate based on direct labor cost = budgeted overhead cost / direct labor hours.
When was Bureau of Labor Statistics created?
Bureau of Labor Statistics was created in 1884.
How does literacy rate affect GDP?
A higher literacy rate can positively impact GDP by improving workforce productivity, promoting innovation and technology adoption, and fostering a more educated and skilled labor force. Literate populations are more likely to engage in higher-value economic activities, contribute to economic growth, and attract investment. Overall, higher literacy rates are associated with greater economic development and prosperity.
How does poor quality materials affect direct labor variance?
If poor quality materials are used it may cause insufficient demand for the products. Insufficient demand may not keep workers busy. If the workers are not being laid off, and unfavorable labor efficiency variance will often be recorded.
What has the author Glenn M MacDonald written?
Glenn M. MacDonald has written: 'The economics of has-beens' -- subject(s): Age and employment, Computer literacy, Human capital, Labor market, Technological literacy
What is labor in economics?
Labor is work done for wages. Labor Economics is the study of the economics surrounding labor. Researchers may study what choices affect the decisions concerning labor.
State the factors that affect harvesting?
Factors that affect harvesting include weather conditions, crop maturity, equipment availability and performance, labor availability, market demand, and government regulations. These factors can impact the timing, efficiency, and quality of the harvest.
How did world war two affect labor unions?
The people of WW2 were Pro-labor Labor Unions thrived
What are five factors that affect the labor market?
no
Who does child labor affect most?
the nation
What has the author Andrew Sum written?
Andrew Sum has written: 'Poverty amidst plenty' -- subject(s): Income distribution, Poverty 'A human capital concern' -- subject(s): Alien labor, Economic aspects, Economic aspects of Literacy, Education, Functional literacy, Government policy, Immigrants, Literacy, Social aspects of Literacy, Statistics 'CETA prime sponsor self-reviews' -- subject(s): Employment, Services for, States, Youth 'Cracking the labor market for human resource planning' -- subject(s): Human capital, Labor supply 'Family income distribution in the U.S., New England, and Massachusetts' -- subject(s): Income distribution
How does child labor affect people?
it doesnt really affect us but if it stopped then it may
How did the Harlem Renaissance affect the Labor?
I Dnt Know !
How does child labor affect exploited children?
by nothing
