what is manufacturing labor cost ?
1 answer
Manufacturing labor cost refers to the expenses incurred in paying the wages and salaries of workers involved in the production process, including assembly line workers, machine operators, supervisors, technicians, engineers, and other personnel. This cost does not include the cost of raw materials, equipment, or overhead expenses like rent, utilities, and insurance. The manufacturing labor cost is an essential aspect of calculating the total cost of production and helps businesses determine the pricing of their products and services.