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According to this figure, which two groups are most closely related?
Administrative Expense
Costs related to the general operation of a business that cannot be directly linked to any specific business activity, product, or service.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity levels of a company, allowing for more accurate budgeting.
Materials
Basic elements or substances used in the production or manufacturing of goods.
Spending Variance
The difference between the actual amount spent and the budgeted or planned amount in a given period.
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