1 Cost Per Minute or better understood as Cost Per Standard Minute, is calculated by taking a factory?s overhead expenses and labor costs (excluding material costs) for a particular period, divided by the standard minutes produced during the same period. 2 Total overhead cost (including the labour cost of running a manufacturing facility over a particular period of time), divided by the standard minutes produced during that time period.
Protecting the Quality of Chinese imports
China is known as the largest manufacturer in the world. The Asian superpower produces billions worth of products every year, accounting for almost a third of global production. Western companies ...
