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1) Why might different businesses or industries use different names for labor rates, such as burden rate or true cost of labor? 2) How do
1) Why might different businesses or industries use different names for labor rates, such as "burden rate" or "true cost of labor"? 2) How do additional costs, such as insurance and employee benefits, impact the overall labor rate? 3) Why might some businesses include costs like cell phones, fuel, or tools in their labor rate calculations? 4) What are the advantages and disadvantages of using labor dollars versus labor hours as the denominator in labor rate calculations
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