DIRECT LABOR BUDGET Definition

Bookmark and Share

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.

Learn new Accounting Terms

BASIS POINTS is 0.01% in yield. For example, in increasing from 5.00% to 5.05%, the yield increases by five basis points.

CROSSED QUOTATION see LOCKED QUOTATION.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.