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Where Outputs Consume Resources ________,The Management Accountant Traces These to the Cost

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Where outputs consume resources ________,the management accountant traces these to the cost objects.


Definitions:

Finished Goods Inventory

The stock of completed products that are ready to be sold but have not yet been sold.

Finished Goods Inventory

Inventory of finished goods available for sale but not yet purchased.

Raw Materials Production

The process involved in generating or extracting the basic materials that are subsequently processed to become components or products.

Production Budget

An estimate of the cost to manufacture a set of products in a specified period.

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