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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.
Who should use the dependency ratio?
The dependency ratio should be used to asses how well the labor or work force supports those who do not work in relation to other countries or regions.
What does zero Poisson's ratio mean?
For elastic, isotropic and homogeneous materials, zero Poisson's ratio means that the material doesn't present lateral deformation on bending, compressing or extending.
Definition of a predetermined overhead rate?
Predetermined overhead rate is that overhead rate calculated before start of production to allocate overhead costs to units of products by using some ratio in relation to some other cost like material cost or labor cost or labor hours etc.
Why are variances generally segregated in terms of a price variance and an efficiency variance?
Efficiency Varian materials and direct labor, the variances were recorded in specific general ledger accounts.
What is the common ratio of labor cost to materials during a bid?
In my opinion the ratio of labor is 40% and Material is 60%
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.
What is the ratio of raw materials to product called?
The ratio of raw materials to product is called the material yield ratio. It measures the efficiency of converting raw materials into finished products.
What is the multifactor productivity ratio?
Multifactor productivity measures are indicators that take into account the utilization of multiple inputs (e.g., units of output per the sum of labor, capital, and energy or units of output per the sum of labor and materials).
Are indirect labor and materials part of Factory Overhead?
Would overhead include indirect materials and indirect labor?
What is typically the most efficient ratio of labor to capital?
equal amounts of labor and capital
How do you compute cost of labor on piece rate work basis?
cost of materials * 2 = labor total cost of materials *2 / total number of production (less overhead) = labor
What was created to ensure productions of vital war materials and resolve labor disputes?
what was created toensure productions of vital war materials and resolve labor disputes
What is a dependency ratio of a population pyramid?
In economics and geography the dependency ratio is an age-populationratio of those typically not in the labor force
Structural steel erection cost?
Labor materials
Describe the inputs required by a business labor?
Inputs for business labor include workers and raw materials. The type of raw materials used varies depending on the product.
Briefly explain the 3 basic elements of costs?
The three basic elements of costs are direct materials, direct labor, and overhead. Direct materials refer to the supplies used in production, direct labor refers to the cost of labor directly involved in production, and overhead encompasses all other production costs not directly tied to materials or labor.
