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MATCHING -Black Legend

question 124

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MATCHING
-Black Legend


Definitions:

Variable Selling

Costs that vary depending on the level of sales activity, such as commissions or shipping charges.

Administrative Expense

Expenses incurred by a business that are not directly tied to a specific function such as manufacturing, production, or sales. These can include salaries of executive personnel, accounting fees, and HR services.

Budgeted Fixed Selling

Budgeted fixed selling refers to the predetermined set of expenses associated with selling a product that do not change with sales volume.

Estimated Cost

A forecast or approximation of the expenses associated with a project, product, or service.

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