Cost allocations using the direct labor method of accounting work the best when a business produces only one or two types of products. Using this traditional method of determining a company's labor ...

Direct labor refers to those who produce goods, such as workers on an assembly line. Usually when dealing with direct labor, the actual rate is set by you. It is the amount you agree to pay each ...

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.