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Budgeted labour cost is an expected or standard labour cost to perform any activity. In budgeting process budgeted cost for doing every activity is calculated before so that it would be helpful in control or evaluation stage to check whether expenses are according to budget or not and if not then what's the reasons.
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What are the uses of a direct labor budget?
Direct labor budget utilized to compare the actual direct labor cost and standard cost for specific task and for controlling purpose so that if there are variances those variances could be eliminated to bring the actual cost to budgeted cost.
What is a direct labor budget?
Direct labor budget tells the management that how much direct labor is required to finish the production of units.
What is direct labor budget used for?
Direct labor budget is used for controlling purpose as it tells that how much direct labor is required for specific job to be complete.
When is Direct Labor Budget prepared?
Direct labor budget is prepared during planning stage before the actual production starts.
What budgets are prepared before the sale budget is it the budget income statement or the direct labor budget?
NONE
What are the uses of a direct labor budget?
Direct labor budget utilized to compare the actual direct labor cost and standard cost for specific task and for controlling purpose so that if there are variances those variances could be eliminated to bring the actual cost to budgeted cost.
When HR choose benefits for new employees is it a hiring cost or a labor cost?
My answer would be that HR has a budget for hiring etc, therefore it would be considered a hiring cost from its budget. The labor cost would be what it cost to produce a product and the wages paid out etc.
What was the Production Budget for Labor Day?
The Production Budget for Labor Day was $18,000,000.
What is the budget of Oklahoma Department of Labor?
The budget of Oklahoma Department of Labor is 7,300,000 dollars.
What is a direct labor budget?
Direct labor budget tells the management that how much direct labor is required to finish the production of units.
What is the budget of United States Department of Labor?
The budget of United States Department of Labor is 10,500,000,000 dollars.
What is the budget of Bureau of International Labor Affairs?
The budget of Bureau of International Labor Affairs is 83,000,000 dollars.
Which budget provides the information needed to prepare the direct labor budget?
Production Budget
What is direct labor budget used for?
Direct labor budget is used for controlling purpose as it tells that how much direct labor is required for specific job to be complete.
What is the budget or schedule that provides necessary input data for the direct labor budget?
production budget
When is Direct Labor Budget prepared?
Direct labor budget is prepared during planning stage before the actual production starts.
What do you mean by labor cost variance?
Labor cost variance means the difference between standard labor cost and actual labor cost.
