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In the randomized block design,what benefit is gained from blocking?
Sales Estimates
Sales estimates are projections of the amount of revenue that will be generated through sales activities in a future period.
Budgeted Cost
Estimated costs associated with manufacturing a product, conducting a project, or running a department during a specific period.
Goods Manufactured
The total value or volume of products completed and ready for sale during a specific accounting period.
Work in Process Inventory
Inventory that includes the raw materials, labor, and overhead costs for products that are in the production process but not yet completed.
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