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direct labour hour rate


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1. The individual rate of pay per hour paid to operators categorized as direct labour. 2. An absorption rate used in absorption costing. It is obtained by the following formula:(budgeted cost centre overheads)/(budgeted direct labour hours).

1. The individual rate of pay per hour paid to operators categorized as direct labour. 2. An absorption rate used in absorption costing. It is obtained by the following formula:(budgeted cost centre overheads)/(budgeted direct labour hours).

(budgeted cost centre overheads)/(budgeted direct labour hours).

Subjects: Accounting.


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