Examlex
Managerial accounting provides useful information to managers on product costs.
Planning Budget
A budget prepared in advance of a specific budget period, serving as a financial plan for achieving strategic goals.
Other Expenses
Costs that do not directly relate to the primary business activities, such as interest payments or losses from asset sales.
Service Company
A business that generates revenue through providing intangible products or services, rather than selling physical goods.
Static Budget
A budget that is created for a single level of activity and does not change even when actual levels of activity vary.
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