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Describe and state the historical significance of the following:
-The Great Awakening
Budgeted Selling Expenses
Estimated costs related to the sale of a company's products or services, planned for a future period.
Flexible Budget
A budget which is responsive and adjusts based on fluctuations in levels of volume or activity.
Sales Commissions
Fees paid to salespersons for selling products or services, often a percentage of the sale amount.
Shipping Expenses
Costs incurred by a company to transport its products to customers, often classified as part of operating expenses.
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