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Forecasted Labor Cost

Last modified by
on
Jul 24, 2020, 6:28:07 PM
Created by
on
Jul 31, 2015, 9:20:37 PM
Forecasted Labor Cost=Sales Forecast⋅Labor Cost % Standard
sf
lc
Tags
Operation Management Cost Labor Forecast
UUID
fd1967cf-37c9-11e5-a3bb-bc764e2038f2

Forecasted Labor Cost computes the prediction of a company's desired future labor cost. This forecast is done for a particular period of a time in the near future, usually the next fiscal year.

Resource:

  • Dopson, Lea R., and David K. Hayes. Managerial Accounting for the Hospitality Industry. Hoboken, NJ: Wiley, 2009. Print.
  • "Sales Forecasting Definition - at TrackMaven.com." TrackMaven. N.p., n.d. Web. 08 Aug. 2015.
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