DIRECT LABOR BUDGET Definition

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DIRECT LABOR BUDGET is a budget of planned expenditures for direct labor. The direct labor budget indicates the rate per hour and the number of hours necessary to meet production requirements. See OPERATING BUDGET.

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CURRENT COUPON is the coupon for a recently issued bond that reflects the prevailing level of interest rates, with the result that the bond is priced at or close to par value.

BCL is an acronym for, among others, Bank Comfort Letter or Bachelor of Canon/Civil Law.

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