Concepts of Raw Material and Manual Labour
Students who wish to work in the manufacturing sector or who aspire to become entrepreneurs in the future are introduced to terms and concepts that are related to manufacturing, in the management or other technical courses that they pursue. All concepts are related to each other and function as one whole, yet, it is necessary to understand each concept in isolation. Hence, while talking about manufacturing of products, a term commonly used is raw material.
Raw material - Raw material is the material used for manufacturing products. For example, cotton is the raw material for making cloth. Raw materials can be natural materials in the same form as they occur in nature or they may have to be altered before they are used for producing something. Direct raw materials are those that are used directly in manufacturing, like wood that is used for making furniture. Indirect raw materials are those that have to be processed for further manufacturing of products. For example, lubricants are used for oiling machines that is in manufacturing facility. There can be no manufacturing without raw material.
A company must have enough stock of raw material. Stock refers to the amount of raw material that is yet to be processed. It is a valuable asset of the company. It is reflected as a current asset in the balance sheet.
Manual labour - Another term associated with manufacturing is labour. Manual labour is the work done physically by human beings as opposed to work done by the machines. It refers to the physical as well as mental efforts used for the manufacturing of a product. It is a primary factor in the production process. Although there is law material available, somebody has to convert it into a finished product. This cannot happen without labour or machines. Cotton has to be spun into yarn and woven into cloth by someone, to produce the finished goods in the form of cloth. Even machines are operated by human beings. The colour combination, texture, thickness and design are results of the mental creativity and imagination of human beings. Hence, manufacturing is impossible without labour.
Manual labour can be skilled or unskilled. For example an electrician needs some skills and training to fit a fan in place. A person who carries loads on his back puts in sheer physical effort. Manual labour is a vital essence of human resource. The entire economics of the industry revolves around labour. Labour costs affect the prices of goods and eventually profits. Hence, raw material and manual labour are included in the curriculum as essential units of study.
Difficulties Encountered While Studying Raw Material and Manual Labour
Raw material and labour are two typically industry related terms. The concepts are not very easy to understand.
- If concepts are not clear, students cannot identify which raw materials are direct and which are indirect.
- Some materials may be finished product in one industry but may be a raw material in another industry. Hence, it is complicated and confusing for students. For example, lubricant oil is a finished product for a chemical industry but a facilitating material for an engineering firm.
- There are different types of raw materials.
- Understanding labour as a human resource is a difficult concept for beginners.
- Students fail to differentiate between instances of manual labour and otherwise.
- There are different types of manual labour.
- The significance of manual labour and raw materials in the cost accounting procedure is the most difficult part to understand. Both are assets for the company and students must know what type of assets they are.
- Calculation and estimations of profits depend upon raw material and manual labour and the expenses incurred on them by the company. Students fail to understand whether they are fixed assets or capital assets.
Help with Raw Material and Manual Labour Assignments and Homework
Students who study finance and accounts, manufacturing processes and any industry related courses are bound to come across the two terms - raw materials and manual labour. During the course, they are given a number of assignments related to the concepts. They are compulsory part of the course and carry internal assessment marks or grades. The subjects are new and difficult enough to scare students, especially those who have no commerce or mathematical background.
Students may now shed their fear because we have a very good solution to all your problems. We help you to complete your assignments in time and also score good marks in the internal assessment. All that you need is a computer and an internet connection facility. Just give us the details of your work, the word count, deadline and topic. Our assignment writers will complete the assignments for you and you can submit them gladly.
Why Choose Us For Accounting Assignment Help?
The greatest benefit that you enjoy when you partner with us is that we work entirely online. So you can approach us anytime and from anywhere very conveniently. Within minutes, with a few clicks of the mouse, we can connect with each other. Just upload your requirements, make advance online payment and we start working for you immediately. You are charged reasonably for the best quality work that we deliver. We always abide by timelines so your submissions will never be late.
You get work done form experts so quality is ensured. We provide only original work with no spelling or grammatical errors and no plagiarism. Whether you want to solve sums in accounting or whether you want assignments in raw materials and manual labour, best accounts and financing help is provided by professionals in the field. You can chat with us or communicate with the writer through our highly interactive website. We are available for support 24 hours of the day.
Why waste your valuable time in writing assignments? Entrust us with the work and get time to devote to your studies. So create your account now and log in for assignment help.
Accounting Assignment Help - Homework Help from Qualified and Experienced Expert Writers
We offer assignment help service online which is most popular and liked all over the world. Our experts are helping students for preparing accounts assignments with step by step explanations. The accounting writers not just help in writing assignments but also provide better learning of accounting concepts. Our accounting assignment help service has covered all sub-domains and topics under accounting. We offer accounting assignment help, accounting homework help, other writings services including accounting term papers writing help, essays, research papers, case studies or case analysis writing help, and paper editing, formatting and referencing services.
Few simple steps to get your accounting assignments done online!
- Ask an Expert - Submit requirement
- Get quote and make payment
- Work is allocated to Accounting Writers
- Sent to you after completion and quality check
- Unlimited revisions till you are done.
Glossary- Raw Material and Manual Labor Assignment Help, Raw Material and Manual Labor Homework Help, Raw Material and Manual Labor Assignment Tutors, Raw Material and Manual Labor Solutions, Raw Material and Manual Labor Answers, Cost Elements Assignment Tutors