TRANSPORTATION OUT Definition

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TRANSPORTATION OUT is part of cost of selling therefore included as selling expense, i.e. part of SG&A.

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KAIZEN BUDGETING is a budgeting approach that projects costs on the basis of future improvements, rather than current practices and methods. The key point is that the budget cannot be achieved unless improvements are made.

TARE WEIGHT is the weight of packing container and packaging material without the weight of the goods contained therein.

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