flexible budget

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Flexible budget

A budget that shows how costs vary with different rates of output or at different levels of sales volume and projects revenue based on these different output levels.

Flexible Budget

A budget that considers different levels of production or sales. A flexible budget makes different amounts available to departments depending on what production or sales are realized. For example, a flexible budget may make 6% more money available to its research and development department if its revenue increases 6%.

flexible budget

a BUDGET that is designed to change in accordance with the level of activity actually attained, so that it allows for the variation in COSTS associated with changes in output volume. The costs associated with running a manufacturing plant, for instance, at 50% of capacity are different from running it at 70% or 100% capacity. The budget must allow for variation in plant utilization by distinguishing between FIXED COSTS, VARIABLE COSTS and SEMI-VARIABLE COSTS and their relationship to output. Flexible budgets facilitate more appropriate comparisons between the actual costs associated with the output attained and the budgeted costs for that output level. See BUDGETING, BUDGETARY CONTROL.
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Eighty-one percent of companies had flexible budgets in 2015, this trend is expected to continue as greater support is needed to respond to rapidly changing business needs.
Emphasis is placed * Forecasting# on the development of problem-solving * Flexible budgets, skills for the control, and business manager.
If you don't have a copy of the Master Budget, including the Static and Flexible Budgets that we created for this current series, you can get one by e-mailing either author.
Specific features of this mechanism include: 1) single submission and evaluation of both a feasibility/pilot phase (R21) and an expanded development phase (R33) as one application, 2) expedited transition of the R21 feasibility phase to a R33 development phase for combined applications, 3) flexible budgets, and 4) flexible staging of feasibility and development phases.
According to Mrs Beckett, funding for these measures will come from the more flexible budgets given to Regional Development Agencies.
From variable and fixed costs, flexible budgets can be quickly prepared for planning and control.
One budget drives costing and longer-range goals while the flexible budgets adapt to reality in volatile conditions and alert management to issues that need attention.
If the court sides with labor, we would expect school districts to be particularly vulnerable due to their less flexible budgets and fairly modest balance sheets, in the absence of state action to soften the blow.
A multinational entity that operates a seafood export operation in Norway (Norway recently became the world's largest exporter of seafood) will prepare flexible budgets for its upcoming fiscal year (July 1, 2004, to June 30, 2005), each, for instance, based on one of the following assumptions:

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