Question: What is the difference between an allowance and a reimbursement? How does this difference affect labor burden?

What is the difference between an allowance and a reimbursement? How does this difference affect labor burden?
 

Step by Step Solution

3.41 Rating (157 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Allowances are paid to the employee to cover out of ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Construction Accounting Questions!