labor budget

Labor cost is also called wage and it is financial reward paid by an employer to an employee in exchange for their work or services. Payment may be calculated as a fixed amount for each task complete, or at an hourly or daily rate, or based on an easily measured quantity of work done.

Direct Labor Budget

Direct Labor Budget: Learning Objectives: Define and explain direct labor budget. Prepare direct labor budget. Definition and explanation of direct labor budget Example Definition and Explanation: The direct labor budget is developed from the production budget. Direct labor requirements must be computed so that

Sales Budget

Sales Budget: Learning Objectives: Define and explain sales budget. Give and example of sales budget. Contents: Definition and explanation of sales budget Example Definition and Explanation: A sales budget is a detailed schedule showing the expected sales for the budget period; typically, it is expressed in both dollars and units