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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The exhibition will bring end-users in India face-to-face with world-class developers from Dubai, with a wide range of property and flexible budgets.
Spanning over three days until tomorrow, the event showcases the latest and a wide range of properties and flexible budgets from top-notch Dubai developers.
Once again, management accountants employ balanced scorecards, activity-based costing reports, flexible budgets, total quality management schedules, and enterprise resource planning controls to meet these needs.
All of these institutions need the most advanced data protection, with solutions that are future-proof and meet flexible budgets. A freelancer's home business needs as strict data protection as that of a multinational company.
Emphasis is placed * Forecasting# on the development of problem-solving * Flexible budgets, skills for the control, and business manager.
Within this framework of constraints and the other side of the coin, opportunism, the articles in this symposium each offer an approach to achieve flexible budgets. Julia Beckett and Francois K.
Such topics as standard costing and flexible budgets are briefly discussed in earlier chapters before being covered in detail later, which can distract students from understanding the core concepts in the earlier chapters.
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.
The Sales Effect Variance is defined as the difference between the receivables balances in the Static and Flexible budgets. This is because the only computational difference between the two budgets is the use of budgeted sales per day versus actual sales per day.
When we create the Static and Flexible budgets, we use "expected inputs." An expected input is how many units typically are needed for production.

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