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You have just hired several new employees who are motivated,able to perform their jobs,and have adequate resources.However,they aren't sure what tasks are included in their job.According to the MARS model,these new employees will likely:
Estimated Direct Labor Cost
The forecasted cost associated with the labor directly involved in the manufacturing of goods.
Budgeted Required Production
The estimated amount of goods or services that a business plans to produce in a specific period, as determined by budgeting processes.
Cash Disbursements
The actual money or cash outflows paid out by a business, typically recorded in a cash disbursement journal.
Merchandise Purchases
The acquisition of goods for sale, usually finished goods, by a retail or wholesale business.
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