DIRECT LABOR UTILIZATION RATE Definition

Bookmark and Share

DIRECT LABOR UTILIZATION RATE is total payroll charged directly to job numbers in the period divided by the total payroll (direct and indirect) expended in the period. Since payroll is by far the single largest cost to operate a firm, generally speaking, the higher the direct labor rate, the more efficiently economically managed is the firm.

Learn new Accounting Terms

FINANCIAL REPORT could contain financial statements, annual report, SEC Form 10-K, and/or prospectus among other documents, i.e. there is no set format.

COUNTERBALANCE is a compensating equivalent or to oppose and mitigate the effects of something by contrary actions.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.