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If either event A or event B must occur,then events A and B are said to be
Gross Sales
The total amount of sales generated by a business before any deductions like returns, discounts, and allowances.
Direct Expenses
Expenses directly linked to the creation of certain products or services, including labor and raw materials.
Direct Expense
Expenses that can be directly traced to a specific cost object, such as a product or a department, including materials and labor directly involved in production.
Indirect Expense
Costs that are not directly tied to the production of goods or services, such as utilities, rent, and administrative salaries.
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