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Managerial Accounting Reports
Internal reports that provide management with specific financial and operational information needed to make decisions about a company's direction and strategy.
Primary Criterion
The most important standard or measure used to evaluate or judge a variable, situation, or decision-making process.
Prime Costs
The combined costs of direct labor and direct materials involved in the production of goods.
Factory Overhead
includes all the indirect costs associated with manufacturing, such as utilities, maintenance, and salaries of indirect labor.
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