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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When BA introduced a more flexible budget fare structure to many mainland flights earlier this year, I called for the same benefits to be applied to the Shetland flights, so I am obviously pleased.
But Mrs Flowers said: "When the money is tight, food, as the only flexible budget item, is squeezed.
To help, HMRC has set up a flexible Budget Payment Plan which means that you could set up regular payments by direct debit right now.
General-purpose governments can often garner support for multi-year budgeting from the governing body and senior management, and many have strong policies and procedures, effective long-term plans, and flexible budget preparation systems.
Q: Campus CFOs may understand the need for a flexible budget model to support sustainability goals but feel stuck in the desire to move toward them.
Abe's economic policies, implemented since he took office last December, center on aggressive monetary easing by the central bank, flexible budget spending by the government and growth strategies to boost private-sector investment.
Known as "Abenomics," they also include flexible budget spending and a growth strategy.
That doesn't do justice to its very flexible budget wine list.
Flexible budget $675,000 Actual $666,400 $8,600 Favorable
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.
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.

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