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Selling
The process of promoting and transferring ownership of a product or service to customers in exchange for money or value.
Administrative Expenses
Costs related to the general operation of a business, including salaries of executives, office supplies, and utilities.
Direct Labor
The wages paid to workers directly involved in the production of products or the delivery of services.
Planning Budget
A budget prepared at the beginning of the budgeting period, reflecting expected revenues and expenses based on forecasted levels of operations.
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