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Compared to ratio schedules, interval schedules
Projections and Estimates
Forward-looking statements about future financial performance, often based on assumptions or expectations.
Prime Costs
The direct costs of manufacturing a product, specifically direct materials and direct labor.
Direct Materials
Raw materials that can be directly traced to the manufacturing of a product and are considered a variable cost.
Direct Labor
The cost of wages paid to workers directly involved in the production of goods or provision of services.
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