Labor is one of the main cost components of a detailed estimate.
Basically, the cost of labor can be computed by multiplying the quantity required by its unit price. However, the process can present certain complications when factors such as fringe benefits, taxes, and production rates are considered. Unit labor costs are made up of wages, or the salary paid directly to the employee, fringe benefits, such as health insurance and pension plans, and taxes, such as social security. The Labor Wage Calculator , is very simple to use. You just need to enter the information requested for each option, such as labor type, number of workers and overtime premium.