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What are the key elements that all good PR practitioners should embrace?
Finished Goods Inventory
Inventory of finished goods available for sale.
Standard Costs
Predetermined costs used for product costing, budgeting, and measuring performance, usually reflecting ideal expenses under normal conditions.
Work in Process
Goods in various stages of production within a factory, not yet completed but also not raw materials.
Fixed Manufacturing Overhead
The costs associated with production that do not change with the level of output, such as depreciation of equipment and salary of the factory manager.
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