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Selling and Administrative Expense Budget
An estimation of the costs related to sales and administrative activities for a specific period, used for planning and control.
Direct Materials
Raw materials that can be directly associated with the production of specific goods or services.
Direct Labor
The wages and benefits paid for labor that is directly involved in the production of goods or the provision of services.
Variable Selling
This term likely refers to variable selling expenses, which are costs that fluctuate with sales volume, such as commissions or shipping fees.
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