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What is the primary purpose of a database?
Budget Variance
The difference between budgeted figures for revenue and expenditure, and the actual amounts realized.
Budgeted Fixed Overhead
The estimated constant costs for a period that do not vary with the level of production or sales, such as rent, salaries, and insurance.
Flexible Budget
A budget that adjusts to changes in the volume of activity, allowing for more accurate budgeting and financial control.
Expenditure
The act of spending money for goods or services, encompassing both capital and operational expenses.
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