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The process of gaining some control over events, outcomes, and resources of importance to an individual or group is:
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.
Budgeted Sales
Projected sales amount estimated for a future period, often used in financial planning and performance evaluation.
Inventory Levels
Refers to the quantity of goods and materials on hand that a business has at any given time.
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