flexible budget

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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This project aims to deepen students' understanding of how a flexible budget can be used to help management isolate and assess variances due to volume and other factors.
IR Framework IIM System IR Framework IIM System Business Model Operations Governance Strategy BM1: Inputs Supply chain G1 : Mission Balanced analysis and vision scorecard BM2: Business Process flow G2: Strategy Activity based activities analysis and resource costing allocation BM3: Outputs Sales G3: Outlook flexible budget analysis BM4: Outcomes Variance G4: Performance Total quality analysis management G5: Risks and Internal opportunities control (ERM) system IR Framework IIM System Capitals Funding requirements C1 : Financial Working capital C2: Manufactured Capital expenditures C3: Intellectual Research & development C4: Human Employee training C5: Social and Public relations relationship and lobbying C6: Natural Architectural Design
We hope to have a predictable, flexible budget going forward.
This can make the process of paying for vehicle insurance exceptionally difficult those without a flexible budget.
CAP has launched a money management system called the CAP Money Course which offers online tools to create a flexible budget, allowing people to know exactly where their money is going and what they have to spend.
Veterans enrolled in the program are given a flexible budget and are able to determine what mix of goods and services will best meet their needs.
Pirayesh, who has been living in Dubai for over three years, stays with her family of six who keep a flexible budget for grocery shopping.
At higher activity levels, the total flexible budget figure is larger, and it is smaller at lower levels.
These include a more flexible budget and a mid-term review of the MFF.
Although it did not use the term, the Shibley book did refer to a flexible budget [pages 143-144], with variable costs being calculated as a percentage of sales.
That doesn't do justice to its very flexible budget wine list.
Known as "Abenomics," they also include flexible budget spending and a growth strategy.

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