labor cost

listen to the pronunciation of labor cost
English - English
(Ticaret) The portion of a manufactured item's standard or actual cost attributed to the usage of direct labor, as specified by the hours consumed times the pay rate per hour
unit labor cost
Cost of labor needed for one unit of some good. It is calculated so that the price of the unit reflects the cost of the labor necessary to produce it
labor cost.
(Ticaret) labor content
labor cost

    Hyphenation

    la·bor cost

    Turkish pronunciation

    leybır kôst

    Pronunciation

    /ˈlābər ˈkôst/ /ˈleɪbɜr ˈkɔːst/

    Etymology

    [ 'lA-b&r ] (noun.) 14th century. Middle English, from Middle French, from Latin labor; perhaps akin to Latin labare to totter, labi to slip; more at SLEEP.
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