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Employee Salaries
Regular payments made to employees for their services, which may be fixed amounts as per employment contracts, not directly tied to the volume of output they produce.
Fixed Cost
Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.
Planning Budget
A budget prepared before a period begins based on management's objectives and estimated revenues and expenses.
Manufacturing Overhead
All indirect costs associated with manufacturing, including maintenance, electricity, and salaries of supervisors.
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