Indirect labour costs are the wages, bonuses, and other forms of remuneration paid to employees whose work does not directly contribute to the production of goods or services but supports the overall operations of a business.
Labour costs refer to the total expenditure on wages paid to workers who are directly or indirectly involved in the production of a product, service, or cost unit. This includes both direct and indirect labour costs.
Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.