Examlex
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Budgeted Production
The quantity of products that a company plans to produce over a specific period, as outlined in the budgeting process.
Direct Labor-Hours
The cumulative hours that employees engaged in the production process have worked.
Direct Labor Rate
The cost per hour for direct labor involved in producing goods or services.
Production Budget
An estimate of the total units that must be produced in a given period to meet sales demands and inventory requirements.
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