Ever wondered where your manufacturing money really goes? Direct labor cost is one of the biggest pieces of the puzzle—yet it’s often misunderstood or overlooked. Accurate calculation isn’t just about bookkeeping; it helps set competitive prices, manage budgets, and maximize profits. This article breaks down exactly how to calculate direct labor cost for manufacturing, step […]
Tag Archives: manufacturing labor cost
Ever wondered why your company’s product costs always seem a bit off? The answer might lie in understanding direct labor within your cost of goods manufactured (COGM). Pinpointing this figure is crucial—not just for accurate pricing, but also for smarter budgeting and profit analysis. In this article, we’ll walk you through exactly how to find […]
