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.
Labor Rates. To set a rate for labor costs, you need to compute the average hourly labor cost for all employees. The calculation is very similar to that used to figure the true hourly labor cost for a single employee. Add up the non-wage costs and annual wages for all employees to estimate your total annual labor cost.Next, add up the estimated labor hours for a year for all employees. Divide the estimated annual labor cost by the estimated number of labor hours to find the amount you need to allocate per labor hour.ivide the annual wages by the actual labor hours to find the wages per labor hour. In this example, $31,200 divided by 1,920 hours works out to $16.25 per hour. Related Reading: How to Calculate Fully Burdened Labor Costs.