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The average product of labour is
Retained Earnings
Profits that a company has retained over time for reinvestment in its operations, rather than distributing to shareholders.
Standard Cost
A predetermined cost that serves as a benchmark for evaluating actual production costs.
Actual Prices
The real prices at which transactions have occurred, as opposed to estimated or standard prices.
Inventory Accounts
Accounts used to track the costs of products purchased or produced for sale to customers until the products are sold.
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