The purpose of a labor report is to do what? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for o wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) 2 Update managers about payroll on a daily basis 7 Reflect all expenses of a firm. 2 Promote analysis of payroll expenses Report an individual employee's regular time and overtime