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For each item, select the underlined part that contains an error. Although hatter Mr. Bunn could make much more money operating on a larger scale, he chooses to do all the work hisself.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity levels during a period.
Planning Budget
A budget that outlines the expected revenues, expenses, and resource allocations over a specific period, used for strategic financial planning.
Spending Variance
The difference between the budgeted amount for spending and the actual amount spent.
Supplies Cost
The total expense incurred for supplies used during a specific period, encompassing raw materials or office supplies depending on the business context.
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