Labor costs far exceeds the initial capital investment with it projects. Hence, option 4 is correct.
A component of the wage bill or payroll known as direct labor cost can be specifically and regularly ascribed to or related with the production of a good, a specific job order, or the delivery of a service.
The hourly wage of a quality assurance inspector adjusted to incorporate healthcare benefits and short-term disability is one illustration of a direct labor cost. The annual wage of a welder who works on the production line of a business that makes steel parts could serve as another illustration.
To get an employee's labor cost per hour, add their gross salary to all associated costs (such as annual overhead and payroll taxes) and divide by the number of hours they work annually. This will assist in calculating the cost of an employee to their employer per hour.
To know more about Labor costs: https://brainly.com/question/26527325
#SPJ4
