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What is the function of Continuous Quality Improvement?
Fixed Expense
An expense that does not change with the level of production or sales, such as rent, salaries, and insurance.
Administrative Expense
Costs related to the general administration of a business, including office supplies, salaries of administrative personnel, and utilities.
Freight-Out
The cost of shipping goods to customers, which is typically recorded as a selling expense.
Production Budget
A plan that outlines the number of units to be produced within a specific period to meet anticipated sales and inventory needs.
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