Her research deals with molecular and biochemical aspects of the. regulation of molybdoenzyme gene expression in Drosophila. Â© 1991 Judith G. Morgan and Victoria Finnerty. 33. Reprinted from: Morgan, J. G. and V. Finnerty. 1991. Inheritance of aldehyde oxidase in Drosophilia. melanogaster.
The cost of labor is the salaries and wages paid to employees, plus related payroll taxes and benefits. The term may also relate to a specific time period or a job (if the employer is using a job costing system to track costs).he cost of labor may be subdivided into the cost of labor related to the production of goods (known as the cost of direct labor) and the cost of labor related to all other activities (known as the cost of indirect labor). It may be necessary to include a large number of benefits in the calculation of the cost of labor.
In our sample calculation, the cost of overtime would include an assumption of the same base wage rate of $15, an overtime penalty or multiplier of 1.5, and a benefit burden of 10 percent. Using these numbers, the cost of overtime would be $15.00 x 1.5 x 1.1 = $24.75.Finally we take a look at the adverse cost of each type of labor. Adverse costs are the additional costs to the company of the mismatch from either being overstaffed or understaffed.or example, if the wage rate is $15, the benefit burden is 35%, and the pay ratio is 15%, the cost of regular âstraightâ time is: $15 x 1.35 x 1.15 = $23.29. For overtime, the numbers change.