PPT - Accounting & Control of Labour Cost B Com Notes | EduRev

Cost Accounting

B Com : PPT - Accounting & Control of Labour Cost B Com Notes | EduRev

 Page 1


LABOUR COST COTROL
Page 2


LABOUR COST COTROL
I
N
T
R
O
D
U
C
TI
O
N
Human efforts used for conversion of materials 
into finished products or doing various jobs in 
the business are known as labour.
Payment made towards the labour is 
called labour cost. Labour cost is the significant 
element of the total cost of production. 
Page 3


LABOUR COST COTROL
I
N
T
R
O
D
U
C
TI
O
N
Human efforts used for conversion of materials 
into finished products or doing various jobs in 
the business are known as labour.
Payment made towards the labour is 
called labour cost. Labour cost is the significant 
element of the total cost of production. 
LABOUR
Labour is the most perishable commodity 
and as such should be effectively utilized 
immediately. 
Therefore, efficient and 
effective utilization of labour is an 
important need of the modern business.
Page 4


LABOUR COST COTROL
I
N
T
R
O
D
U
C
TI
O
N
Human efforts used for conversion of materials 
into finished products or doing various jobs in 
the business are known as labour.
Payment made towards the labour is 
called labour cost. Labour cost is the significant 
element of the total cost of production. 
LABOUR
Labour is the most perishable commodity 
and as such should be effectively utilized 
immediately. 
Therefore, efficient and 
effective utilization of labour is an 
important need of the modern business.
T
Y
P
ES 
O
F 
L
A
B
O
U
R
Labour
Direct 
Labour
Indirect 
Labour
Page 5


LABOUR COST COTROL
I
N
T
R
O
D
U
C
TI
O
N
Human efforts used for conversion of materials 
into finished products or doing various jobs in 
the business are known as labour.
Payment made towards the labour is 
called labour cost. Labour cost is the significant 
element of the total cost of production. 
LABOUR
Labour is the most perishable commodity 
and as such should be effectively utilized 
immediately. 
Therefore, efficient and 
effective utilization of labour is an 
important need of the modern business.
T
Y
P
ES 
O
F 
L
A
B
O
U
R
Labour
Direct 
Labour
Indirect 
Labour
2.INDIRECT LABOUR:-
Indirect labour is that labour which is not directly engaged in the 
production of goods and services but which indirectly helps the direct 
labour engaged in production. Such as … watchman, foreman, gardener, 
cleaners, etc.
1.DIRECT LABOUR:-
Direct labour is the labour which is directly engaged in the 
production of goods and services. Such as … worker on machine, 
shoemaker making shoes, etc.
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