`"Budgeted Payroll" = "Forecasted Labor Cost" - "Budgeted Payroll Allocation" `
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The Budgeted Payroll is the sum total of all compensation that a business must pay to its employees for a set period of time or on a given date.
Resource:
- Dopson, Lea R., and David K. Hayes. Managerial Accounting for the Hospitality Industry. Hoboken, NJ: Wiley, 2009. Print.
- "Payroll Definition | Investopedia." Investopedia. N.p., 11 June 2010. Web. 08 Aug. 2015.