The construction industry is known for its complex and fluctuating costs. To effectively budget for a construction project, it’s essential to consider all the different labor costs. Here are some ...

Plant accountants factor labor cost to determine the effectiveness of their labor input. In order to determine the cost of a unit of production, it is necessary to add direct materials, direct labor ...

The employee labor percentage is a measure of your labor costs compared to your total expenses. Understanding the labor percentage allows a small business owner to see whether labor is a main driver ...

With labor being the greatest risk in construction, a full understanding of labor components will provide the estimator with the ability to determine a project’s labor costs as accurately as possible.

In particular, the automotive sector faces a complex set of new requirements. This article originally appeared on Manufacturing.net, and is republished here with permission. On July 1, 2020, the long ...

One of the most important and challenging aspects of the bidding process is including the cost of machine usage. Many construction companies struggle to determine whether they should be including just ...

NASHVILLE, Tenn. (WTVF) — Have you ever wondered how auto mechanics calculate labor costs? Does a fan belt cause your check engine light to come on? What causes rust on a vehicle? On this episode on ...