LOADED LABOR RATE Definition

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LOADED LABOR RATE is the employee hourly rate plus employee benefits, capital expenses, and other overhead.

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ACCRUED LIABILITY are liabilities which are incurred, but for which payment is not yet made, during a given accounting period. Some examples in a manufacturing environment would be: wages, taxes, suppliers/vendors, etc.

ULLAGE is the empty space present when a shipping container is not full.

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