Examlex
All of the following are incomes earned in the factor market EXCEPT
Direct Labor
The labor costs directly related to the production of goods, involving workers who physically manufacture or assemble products.
Planning Budget
A budget prepared for a specific level of activity, used for planning and coordinating the financial resources of a company.
Activity Level
Refers to the volume of production or operations, often influencing costs and managerial decisions within a business.
Selling And Administrative Expenses
Expenses related to the selling of products or services and the general administration of a business, not including manufacturing costs.
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