AFE Definition

AFE, dependent upon usage, is an acronym for Authorization for Expenditure or Average Funds Employed.

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DISCRETIONARY BUDGETING see DISCRETIONARY SPENDING.

MANUFACTURING ACCOUNT is an accounting statement that is an integral part of the final accounts of a manufacturing organization. For any particular period, it indicates, among other things, prime cost of manufacturing, manufacturing overhead, the total manufacturing cost, and the manufacturing costs of finished goods.

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