Home > Term: labor rate per pound
labor rate per pound
The rate that is paid to any workers for a specific task based on the weight of material processed during that task. This rate does not include any costs associated with material, equipment, or overhead. If the number of workers is not specified, the labor rate is the amount paid to all workers.
- Part of Speech: noun
- Industry/Domain: Manufacturing
- Category: Industrial manufacturing
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- Kevin.Li
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(Los Angeles - CA, United States)