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How is production budget determined?
A production budget determines the cost of producing the calculated volume of saleble products. The production plan is computed in terms of the number of units to be produced within each era, as a month. As far as probable, the production must be planned at a relatively even rate, even if the sales budget shows a high seasonal sales forecast.
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Economic order size is that size of the order which gives maximum economy in purchasing any item of material. The other terms used for economic order size are economic
Do you have sample assignments for qualification D/506/1942
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