________ Is a Mode of Production Based on Cultivating ________

question 3

Short Answer

________ is a mode of production based on cultivating ________ plants in ________ using hand tools.________ is another term for this mode of production.

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Definitions:

Raw Materials Inventory

The total cost of all components or materials a company has in stock that are intended for use in production to create finished goods.

Quarter's Production Needs

The estimated quantity of products that a company plans to produce in a specific quarter to meet customer demand.

Variable Overhead Rate

The rate at which variable overhead costs are applied to a product based on a specific activity or driver.

Direct Labor-Hours

The total hours worked directly on manufacturing a product or providing a service.