Formatting Mailing Labels

I want to use the "Print Mailing Labels" function on the drop down list, but I am not seeing a way to change the formatting on the mailing labels.

At the moment, the information that appears on the mailing labels ARE NOT mailing addresses, but random information.

I would also like to change be able to change the size of the labels. At the very least I would like to know what type of labels I can get that would be the correct size.

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