Average product measures your productivity with a particular number of workers. To calculate the average product, you need the total product. For example, the total product for a factory might be the ...

Direct labor rates are the labor costs directly resulting in the production of a product or delivery of a service. These costs include wages as well as payroll taxes, insurance, retirement matches, ...

They say that time is money. Nowhere is this more true than in a small business; your time and the time of your employees must be used efficiently to maintain profits. To see if you are being ...