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The formula for line regulation is:
Production Budget
An estimate of the total cost of production, including direct material, labor, and overhead expenses, for a specific period.
Management's Plans
The strategic and operational plans developed by a company's management to achieve its goals and objectives.
Direct Labor Hours
The sum of working hours of employees directly participating in the production of goods or provision of services.
Production Budget
An estimate of the total number of units that must be produced in a given period to meet both sales and inventory needs.
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