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A(n) ________ system is a computer system that gathers comprehensive data, organizes it, and summarizes it in ways that are useful to managers for controlling, controlling, and decision-making tasks.
Overhead Costs
Indirect expenses related to the day-to-day running of a business, such as rent, utilities, and administrative costs, which are not directly tied to production or sales.
Direct Materials
Raw materials that can be directly attributed to the production of goods or services and are an integral part of the finished product.
Fixed Costs
Regular expenses that an entity incurs, which are not affected by changes in business activity levels, such as lease payments and insurance premiums, essential for financial planning.
Machine Setup Costs
Expenses incurred to prepare machinery for production, including calibration, cleaning, and testing.
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