BAD DEBT EXPENSE Definition

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BAD DEBT EXPENSE see UNCOLLECTIBLE ACCOUNT EXPENSE.

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BILLABLE are those costs and/or expenses that are covered under a contractual agreement between two entities that may be billed to the receiving entity.

FIXED OVERHEAD is those costs like rent, utilities, basic telephone, loan payments, etc., that stay the same whether sales go up or down. Variable overhead, on the other hand, are those costs which vary directly with production.

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