«I expect
direct labor costs for wages, salaries and benefits to rise 3 percent to 4 percent [in 2018], with additional costs for longer searches to fill positions and more training for the workers they do hire.»
The direct labor costs share one of the largest fractions in the overall cost.
Successfully handled multiple product lines & projects with emphasis on direct material cost, indirect material spends,
direct labor cost, customer focused product quality improvement, material waste reduction and inventory management.
Not exact matches
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer -
directed cost reduction efforts and restructuring
costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and
labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger
costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
Costs generally included in COGS include the materials,
direct labor and overhead that is required to deliver the product or service.
If on average $ 40,000 worth of
direct -
labor costs produces $ 100,000 in sales, for example, the markup factor would be 2.5.
Paine now uses the markup factor, derived by dividing the
cost of
direct labor into sales, to compute her billing rate.
Bob Peabody, a Newport, R.I., consultant who helped Paine rework her pricing structure, advised her to look at comparable industry statistics for sales and the
cost of
direct labor (
labor that produces sales) to compute a markup factor — the amount she needs to charge to cover
costs and make a desirable profit.
These
costs include materials used,
direct labor, plant manager salaries, freight and other
costs associated with operating a plant (for example, utilities, equipment repairs, etc.).
So economic analysis is trivialized if it only takes into account
direct production
costs reducible to
labor, not taxes or «economic rent» as an element of price with no counterpart in technologically necessary production
costs — land rent, monopoly rent (including bank credit - creating privileges), interest charges and kindred transfer payments to rentiers.
Restaurant
labor seems at first glance to be a variable
cost, or one that fluctuates in
direct relationship to business volume.
Since the panelists were asked to
cost out programs statewide (presumably in anticipation that any financing changes would spill over to districts outside New York City), the conflict of interest could hardly be more
direct, unless the panelists had been paid for their
labors in proportion to the amount they recommended.
It takes time, $ $ $,
labor, attention and a lot of paper work to do anything, so there is a
cost of
directing that much money out of other projects.
Outside counsel will need answers, and you can have a
direct effect on attorney billable hours and your own
labor costs by having those answers when they are requested.
By first working to optimize hatching and egg yield, Ovipost wants to lower the
labor costs to produce crickets, which could then be turned into
direct consumer food sources or even feed.
Detail - oriented and highly articulate professional manager,
directing operations and activities within production area — Employs strong organizational skills, leadership and thorough knowledge regarding many aspects of the production process to achieve organization goals:
cost - savings, product quality,
labor efficiency, timely delivery and safety.
Established and maintained annual budgets, saving $ 100,000 in
direct labor through reduction in overtime
costs
Skill Highlights Kitchen operations management New business development Staff development Menu planning and design Inventory management and
cost control Process improvement and optimization Professional Experience Executive Chef 7/1/2013 — Present Splashlight — New York, NY
Direct day - to - day kitchen operations at multimillion - dollar generating restaurant, including scheduling, coordinating, and developing kitchen staff to achieve high food quality standards and
labor cost targets.
Performed estimates and examined amounts of
direct material needed to complete projects including
labor costs and purchases
This position
directs, oversees, and evaluates the training of all perishable department Team Members in order to reduce and control turnover, promote more efficient operations and to provide better control over
labor costs.
Construction Superintendent, November 2005 to June 2009 Harthouse Construction Company - New Cityland, CA • Produced construction project budgets by conducting
cost estimates and determining necessary resources, materials and
labor • Supervised worksite, delegated assignments to workers and
directed daily construction • Developed scheduling and construction plans for projects
I have a
direct focus on sales, food and
labor cost.
Implemented processes and procedures to create efficiencies, including but not limited to the creation of spread sheets to analyze
direct material and
labor costs.