Direct Labour Cost definition

Direct Labour Cost means base wage costs of employees including overtime premium where applicable, but excludes Payroll Burden Cost.
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Direct Labour Cost means the base wage costs of employees under a wage schedule approved in writing by the Province prior to the commencement of work or procurement associated with the Change Order, or in the absence of such a wage schedule, the salaries or wages paid under the applicable collective agreement, or in the absence of any collective agreement, the actual cost of salaries and wages, excluding Payroll Burden Cost and all superintendent’s or xxxxxxx’x wages or other personnel responsible for supervision of the work;
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Direct Labour Cost means base wage costs of employees, excluding payroll burden cost.
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Examples of Direct Labour Cost in a sentence

  • Direct Labour Cost are the cost which can be identified with and allocated to cost centres or cost units.

  • Direct Labour cost is that portion of salary or wage, which can be identified with and charged to a single unit cost of production.Characteristics of Direct Labour Cost: The direct labour cost has the following characteristics.

  • ParticularsAmount (`)Amount (`)Direct Labour Cost 5,00,000Works Overhead - Fixed2,00,000 Works Overhead- Variable2,50,0004,50,000The company charges the works overhead to work –in-process as a percentage of direct labour cost.

  • Define – Direct Labour Cost .Direct Labour Cost is the wages paid to the direct labour.

  • July to September BT Direct Labour Cost: this corresponds to the costs of First Line Managers, engineers, etc.

  • Direct Labour Cost Variance (LCV) Labour Rate Variance (LRV)Labour Efficiency Variance (LEV)Labour Idle Time Variance (LIV)Material Mix Variance (MMV) Material Yield Variance (MMV)Figure No. 2-3 For calculating the above material variances, the following formulas have to be applied.

  • Sailfish spent 12.4 % (± 12.9) of their time at depths ranging from 20-50 m, and only 10.6% (± 26.7) at depths greater than 50 m.

  • Direct Labour Cost |17,500 being 175% of works overhead and cost of goods sold excluding admin- istration expenses |56,000.

  • The Direct Labour Cost can be charged directly to the job or product units and is included in the prime cost.

  • Direct Labour Cost VarianceLabour Rate Variance= Actual Hours × (Standard Rate – Actual Rate)= 6,800 hours × (` 3.00 – ` 3.25)= ` 1,700 (A) Labour Efficiency Variance= Standard Rate × (Standard Hours – Actual Hours)= ` 3 × (3,500 units × 2 hours – 6,400 hours)= ` 1,800 (F)Idle Time Variance= Standard Rate × Idle Hours= ` 3 × 400= ` 1,200 (A)Labour Cost Variance= ` 1,700 (A) + ` 1,800 (F) + ` 1,200 (A)= ` 1,100 (A)3.


More Definitions of Direct Labour Cost

Direct Labour Cost means the labor cost directly related with the production of the stock- in-trade.
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Direct Labour Cost means the base wage costs of employees under a wage schedule approved in writing by the City prior to the commencement of work or procurement associated with the Change Order, or in the absence of such a wage schedule, the salaries or wages paid under the applicable collective agreement, or in the absence of any collective agreement, the actual cost of salaries and wages, excluding Payroll Burden Cost, Overhead Cost, and all superintendent’s or foreman’s wages or other personnel responsible for supervision of the work;
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Related to Direct Labour Cost

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • book cost means the total amount paid to purchase a security, including any transaction charges related to the purchase, adjusted for reinvested distributions, returns of capital and corporate reorganizations;

  • Indirect cost means any cost not directly identified with a single final cost objective, but identified with two or more final cost objectives or with at least one intermediate cost objective.

  • Standard Cost means any cost computed with the use of preestablished measures.

  • Trip Cost means the dollar amount of Trip payments or deposits paid by the Insured prior the Insured’s Trip Departure Date and shown on any required application which is subject to cancellation penalties or restrictions. Trip cost will also include the cost of any subsequent pre-paid payments or deposits paid by the Insured for the same Trip, after application for coverage under this plan provided the Insured amends the Application to add such subsequent payments or deposits and pays any required additional plan cost prior to the Insured’s Departure Date.

  • FTE Cost means, for any period, the FTE Rate multiplied by the number of FTEs in such period.

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • Manufacturing Cost means ***

  • Tax Cost means any increase in Tax payments otherwise required to be made to a Taxing Authority (or any reduction in any refund otherwise receivable from any Taxing Authority).

  • LCC-300 Cost Centre E Terminus Building - Structure Lump Sum Breakdown E5 : Station (GL X7-27/M-Q, 21.96m-28.82m) Lump Sum Item LSE5.3 E5.3 : Walls Contractor's Other Charges The Contractor shall enter hereunder any specific item of work or obligation or thing which is necessary for the execution of the Works, as required by the Contract, which has been omitted from or has not been separately itemised in this Lump Sum Breakdown and for which a separate charge is required. The unit of measurement for any Contractor's Other Charges shall be "sum", with Quantity and Rate columns entered with "N/A". ---------------------------------------------------------------------------------------------------------------- To Collection of Lump Sum Item LSE5.3 *** ----------- *** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. [STAMP]

  • Labor costs means total compensation of all employees, not to include compensation paid

  • Total Development Cost means the total of all costs incurred in the completion of a Development, all of which shall be subject to the review and approval by the Credit Underwriter and the Corporation pursuant to this rule chapter, and as further described in Rule 67-48.0075, F.A.C.

  • Reasonable cost means a cost for a service or item that is consistent with the market standards for comparable services or items.

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Local Labour means skilled, semi-skilled workers of all trades engaged by the Contractor on the Site for the purpose of or in connection with the Contract or engaged full time by the Contractor off the site for the Purpose of or in connection with the Contract (by way of illustration but not limitation: workers engaged full time in any office, store, workshop or quarry).

  • Fully Burdened Manufacturing Cost means, with respect to any Licensed Product supplied by or on behalf of NVCR to Zai hereunder if such Licensed Product (or any precursor or intermediate thereof) is manufactured by a Third Party manufacturer [***].

  • Life-cycle cost means the expected total cost of ownership during the life of a product, including disposal costs.

  • Additional Transportation Cost means the actual cost incurred for one-way Economy Transportation by Common Carrier reduced by the value of an unused travel ticket.

  • Allowable cost means a cost that complies with all legal requirements that apply to a particular federal education program, including statutes, regulations, guidance, applications, and approved grant awards.

  • Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.

  • Direct Costs means the sum of the following:

  • Estimated Cost , for the purposes of rule 22, means the estimated cost to maintain, repair or replace a major capital item;

  • Prime costs and “Prime cost sum” means the amount actually paid by the contractor for any article, commodity or special work and shall include all proper charges for packing, carriage and delivery to site, after deduction of all trade documents, rebates and allowances and the discount obtainable for cash insofar as such discount for cash exceeds 2½%.

  • Fuel Cost Policy means the document provided by a Market Seller to PJM and the Market Monitoring Unit in accordance with PJM Manual 15 and Operating Agreement, Schedule 2, which documents the Market Seller’s method used to price fuel for calculation of the Market Seller’s cost-based offer(s) for a generation resource.

  • Carrying Cost means book value of the assets and interest accrued thereon but not received;

  • Non-Regulatory Opportunity Cost means the difference between (a) the forecasted cost to operate a specific generating unit when the unit only has a limited number of starts or available run hours resulting from (i) the physical equipment limitations of the unit, for up to one year, due to original equipment manufacturer recommendations or insurance carrier restrictions, (ii) a fuel supply limitation, for up to one year, resulting from an event of Catastrophic Force Majeure; and,