Examlex
P, or primary, waves:
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity level.
Manufacturing Costs
The total expense involved in the manufacturing process, including direct materials, direct labor, and overhead costs.
Variable Costs
Variable costs are expenses that change directly and proportionally with the level of production or business activity, such as raw materials and direct labor costs.
Direct Materials
Raw materials that are directly incorporated into a final product and can be easily traced to it.
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