BILL OF MATERIALS Definition

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BILL OF MATERIALS (BOM) is a listing of all the assemblies, sub-assemblies, parts, and raw materials that are needed to produce one unit of a finished product. Each finished product has its own bill of materials.

Learn new Accounting Terms

UNBUDGETED are items and/or amounts that are currently not included within a budget.

MARGINAL REVENUE is the change in total revenue as a result of producing one additional unit of output.

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