accounting cost of labour
The cost of labor is the salaries and wages paid to employees, plus related payroll taxes and benefits. The term may also relate to a specific time period or a job (if the employer is using a job costing system to track costs).he cost of labor may be subdivided into the cost of labor related to the production of goods (known as the cost of direct labor) and the cost of labor related to all other activities (known as the cost of indirect labor). It may be necessary to include a large number of benefits in the calculation of the cost of labor.