Examlex
The technical definition of performance includes:
Direct Labor Budget
A direct labor budget is a financial plan that estimates the total cost of direct labor required to meet the production needs of a business.
Direct Labor-hours
The total hours worked directly on the production of goods.
Merchandise Purchases Budget
A detailed plan used by a merchandising company that shows the amount of goods that must be purchased from suppliers during the period.
Required Purchases
The quantity of goods a company needs to buy to meet its production plans and sales forecast.
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