Examlex
Subtract: 32 - 14.
Direct Labor Budget
A financial plan that estimates the cost of direct labor required to meet production goals, taking into account wages and hours.
Budgeted Costs
Estimated expenses planned in advance for a specific period, often used as targets or benchmarks for actual performance.
Direct Materials Purchase Budget
A budget estimating the raw materials that need to be purchased to meet projected production demands.
Ending Inventories
The final quantity and value of materials, work-in-process, and finished goods that a company holds at the end of an accounting period.
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