A&M Definition

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A&M is Additions and Maintenance.

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OVERHEAD BUDGET shows the expected cost of all production costs other than direct materials and direct labor. Budgeted variable overhead costs are based on a budgeted variable overhead rate multiplied by budgeted activity. Budgeted fixed overhead costs remain unchanged as the activity level changes within the relevant range. See OPERATING BUDGET.

EXPLICITLY is something fully and clearly expressed, i.e. leaving nothing implied.

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