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Materials Budget
An estimate of the cost of raw materials required for production over a specific period.
Budgeted Production
An estimate of the number of units that must be produced during a specific period to meet expected sales and inventory levels.
Material Costs
The costs associated with the raw materials and components used in creating a product.
Production Budget
An estimate of the total cost of production that includes direct labor, materials, and overhead expenses for a specific period.
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