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Figure 37-5
Use the figure to answer the corresponding question(s) .
-In Figure 37-5, the structure labeled 2:
Budget Performance Report
A report comparing actual results with budget figures.
Cost Center
A division or department within a business that does not directly contribute to profit but incurs costs, used for budgeting and controlling expenses.
Level of Management
Refers to the hierarchy within an organization's structure, typically including top-level, middle-level, and lower-level management.
Direct Expense
Costs that can be directly traced to a product, service, or specific cost center, such as raw materials and labor.
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