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Prime Costs
The combined costs of direct materials and direct labor that are directly attributable to the production of goods.
Production Budget
A Production Budget is an estimate of the number of units that must be manufactured to meet sales goals and, therefore, it details the cost of raw materials, labor, and other resources necessary for production.
Finished Goods
Products that have completed the manufacturing process and are ready to be sold to customers.
Units
Measurements or quantities of a product, item, or component, often used in inventory and production management.
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