Examlex
Match the term with the correct definition.
-Biology
Budgeted Fixed Manufacturing Overhead
The predetermined amount of fixed overhead expenses expected to be incurred in the manufacturing process.
Net Operating Income
Profit of a business after all operating expenses, excluding taxes and interest, have been deducted from total revenue.
Standard Cost Variances
The differences between actual costs incurred and the standard costs that were expected or budgeted, used for management control and analysis.
Cost of Goods Sold
Costs directly linked to the creation of goods sold by a business, encompassing materials and labor.
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