Direct Labor Budget: Definition, Example & Formula

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of these is NOT a factor in the direct labor budget?

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1. From which report is the total number of units required taken?

2. How does HR make use of the direct labor budget?

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About This Quiz & Worksheet

Work on this quiz and worksheet to measure your understanding of direct labor budgets. Some of these questions deal with the factors and uses associated with this budget.

Quiz & Worksheet Goals

Complete this quiz and worksheet to gauge your knowledge of:

  • Business reports
  • Ways HR uses a direct labor budget
  • The method for calculating direct labor cost

Skills Practiced

Improve these abilities by applying them throughout this quiz:

  • Reading comprehension - ensure that you draw the most important information from the related lesson on direct labor budgets
  • Information recall - access the knowledge you've gained regarding factors that appear in a direct labor budget
  • Knowledge application - use your knowledge to identify where work from a direct labor budget appears

Additional Learning

The lesson entitled Direct Labor Budget: Definition, Example & Formula will provide you with further instruction about this subject. Study this lesson and you'll learn more about:

  • Why businesses have multiple budgets
  • Steps for setting up a direct labor budget
  • Direct labor budgets in the real world
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