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Describe at least four of the different types of budgets that are frequently used.
Indirect Labor
Labor costs not directly associated with the production of goods, such as maintenance and cleaning.
Recorded
The act of documenting financial transactions in the accounting records of a business.
Predetermined Overhead
A calculated rate used to estimate the manufacturing overhead costs for a specific period, based on projected or historical data.
Job Cost Sheets
Documents that record and track the costs associated with a specific job or project.
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