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Some digital natives like eyeglass retailer Warby Parker, mattress seller Casper Sleep, clothing retailer Bonobos,jewelry retailer Blue Nile and Amazon
Direct Labor Rate
The hourly wage paid to workers who are directly involved in the production of goods or services.
Production Budget
A financial plan that estimates the number of units to be produced in a future period, factoring in sales forecasts and inventory requirements.
Master Budget
A comprehensive financial planning document that consolidates all of a company's budgets for sales, production, direct materials, direct labor, overhead, administrative, and other expenses.
Direct Labor
Wages and salaries for employees who are directly involved in producing goods or providing services.
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