A business incurs expenses when producing its revenues. Revenues minus expenses equal the business's net income, or the change in its financial circumstances from running its operations for the time ...

Direct labor refers to those who produce goods, such as workers on an assembly line. Usually when dealing with direct labor, the actual rate is set by you. It is the amount you agree to pay each ...

With labor being the greatest risk in construction, a full understanding of labor components will provide the estimator with the ability to determine a project’s labor costs as accurately as possible.