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Planning Budget
A budget designed at the beginning of the budgeting period that is based on a specific level of activity.
Frame
The structural support or skeleton that defines the shape or provides the foundation for a structure or object, such as a building or a piece of machinery.
Variable Overhead Costs
Indirect costs of production that fluctuate with the level of output, such as utilities and indirect labor.
Budgeted Overhead Cost
The estimated costs associated with running a company that are not directly tied to a specific product or service, including rent and utilities.
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