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FIGURE 3-2
-Refer to Figure 3-2. Vector as expressed in terms of vectors
and
is given by
Master Budget
A comprehensive financial plan made up of various individual budgets that outline a company's sales, production, and financial goals.
Raw Materials
Basic materials that are used in the manufacturing process to create finished goods.
Finished Goods Inventory
The stock of completed products that are ready to be sold but have not yet been sold.
Direct Labor
The wages and other compensation paid to workers who are directly involved in the production of goods or services.
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