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Definition of Labor Force
Those people employed plus those actively seeking work.
An unemployed person who gives up looking for work and so is no longer counted as in the labor force.
Unemployment due to institutional phenomena such as the degree of labor force unionization, the level of discrimination, and government policies such as unemployment insurance programs, minimum wages, or regulations on business.
Fraction of the noninstitutionalized population 16 years of age and over that is in the labor force.
The ratio of the number of people classified as unemployed to the total labor force.
Fraction of the labor force that is not employed.
Administrative proceedings or litigation releases that entail an accounting or auditing-related violation of the securities laws.
the time spent by individuals who work specifically
labor that is specifically incurred to create a product.
A department within the Securities and Exchange Commission that
A special committee of the Financial Accounting Standards Board established to reach consensus of how to account for new and unusual financial transactions that have the potential for creating differing financial reporting practices.
A separate committee within the Financial Accounting Standards Board composed of 13 members representing CPA firms and preparers of financial statements
A federal Act creating standards of overtime
The risk that there will be an interruption of operations for a prolonged period after a
Use of a firm's call option on a callable convertible bond when the firm knows that the
The cost of any labor that supports the production process, but which is
labor efficiency variance
the number of hours actually worked minus the standard hours allowed for the production
Labor efficiency variance
The difference between the amount of time that was budgeted
Not laying off redundant workers during a recession to ensure that skilled and experienced workers are available after the recession.
labor mix variance
(actual mix X actual hours X standard rate) - (standard mix X actual hours X standard rate);
labor rate variance
the actual rate (or actual weighted average rate) paid to labor for the period minus the standard rate multiplied by all hours actually worked during the period;
Labor rate variance
The difference between the actual and standard direct labor rates
labor yield variance
(standard mix X actual hours X standard rate) - (standard mix X standard hours X standard rate);
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