Modules / KM-04

KT0804 - Pricing a product (Under- or over-pricing)

Intoduction to Cybersecurity Governance | KT08: Costing of products

What are examples of direct labour costs? The direct labour costs are those expenses that can be directly traced to production. XYZ, for example, pays workers to run machinery that cuts wood into specific pieces for chair assembly, and those expenses are direct costs. What is direct Labour and example? Direct labour refers to any employee that is directly involved in the manufacturing of a product. If your business manufactures bicycles, the employees producing the bicycles are considered direct labour. Assemblers, welders, painters, and machinists would all be considered direct labour. Internal Assessment Criteria and Weight IAC0801 Costs related to the production of a product are identified and the effect thereof on the price of the product is analysed