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-Occupational Safety and Health Act
Budgeting
Involves creating a plan to allocate resources and revenues over a specified period, often used for financial planning and control.
Direct Materials Budget
A detailed plan showing the amount of raw materials that must be purchased to fulfill the production budget and to provide for adequate inventories.
Ending Inventory
The total value of goods available for sale at the end of an accounting period.
Budget Process
The systematic method by which an organization allocates its financial resources and plans its expenditures for a future period.
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