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Author Question: Discuss basic procedures for determining budgeted labor cost. What will be an ideal ... (Read 71 times)

123654777

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on: Aug 10, 2018
Discuss basic procedures for determining budgeted labor cost.
 
  What will be an ideal response?

Question 2

Explain the need for effective work schedules.
 
  What will be an ideal response?


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angrybirds13579

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Reply #1 on: Aug 10, 2018
Answer to Question 1

An approved operating budget indicates how much can be spent for waged labor. This amount can be used to determine the average daily wage and the average waged hours per day and week. Managers should schedule waged hours in a way that will not exceed these allowable hours.

Answer to Question 2

Managers must schedule the right number of employees in the right positions at the right times to produce products and services meeting quality standards. They must do so while not exceeding budgeted labor cost standards.


123654777

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Reply 2 on: Aug 10, 2018
Thanks for the timely response, appreciate it

dreamfighter72

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Reply 3 on: Yesterday
Excellent

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