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Why did Gorgias create such a sensation at Athens?
Direct Materials
The raw materials directly used in the manufacturing of a product.
Budgeted Operating Income
The anticipated revenue from operations minus the expected operating expenses for a certain period, typically before financial expenses and taxes.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity levels, often used in variance analysis.
Variable Costs
Charges that adjust in line with the scale of production or sales figures.
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