Labour cost is the second element of ........

Costing - Phase (I & II) Methods of Costing

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Labour cost is the second element of ________.

cost

profit

sales

task

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Explanation:

Labour cost is the second element of cost. Labor cost covers one of the major portion of the total cost of a product or job.A cost is composed of three elements – Material, Labour and Expenses. Each of these three elements can be direct and indirect