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Raw Material Purchases
The total cost of all raw materials bought by a company for use in production over a specific period.
Budgeted Raw Material Purchases
The estimated amount of raw materials to be acquired during a specific period to meet production needs, based on forecasted sales.
Budgeted Required Production
The quantity of products that must be produced in a given period to meet sales needs and inventory policies.
Budgeted Required Production
The quantity of products that must be produced during a specific period, according to the budget plan.
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