Examlex
Which is an incorrect statement?
Operating Expenses
Costs related to the day-to-day functions of a business that are not directly tied to the production of goods or services, such as rent, utilities, and salaries.
Direct Materials Purchases
The total cost of raw materials bought by a company for use in the production process during a specific period.
Factory Overhead Cost
Costs not directly tied to a specific unit of production or operation, such as maintenance, utilities, and rent.
Zero-Based Budgeting
A budgeting approach where every expense must be justified for each new period, starting from a "zero base."
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