A set of revenue and expense projections at various production or sales volumes. The cost allowances for each expense are able to vary as sales or production vary.
Related information about flexible budget:
- What is a flexible budget? | AccountingCoach.com Q&A
A flexible budget is a budget that adjusts or flexes for changes in the volume of activity. The flexible budget is more sophisticated and useful than a static.
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The flexible budget is a performance evaluation tool. It cannot be prepared before the end of the period. A flexible budget adjusts the static budget for the actual ...
- Accounting Principles II: Flexible Budgets
A flexible budget provides budgeted data for different levels of activity. Another way of thinking of a flexible budget is a number of static budgets. For example, a ...
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Dec 8, 2010 ... A flexible budget, or “flex” budget, itemizes different expense levels depending upon changes in the amount of actual revenue. This approach ...
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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 ...
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Budgeting is how a business plans for future production cycles. An initial budget — known as a "static" budget — is a necessary planning tool; creating a second, ...
- How to Prepare a Flexible Budget Performance Report | Chron.com
An initial static budget for your small business assumes an expected level of production. This number can, however, vary greatly from your actual production for ...
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FLEXIBLE BUDGET is based upon different levels of activity. It is a very useful tool for comparing actual costs experienced to the cost allowable for the activity ...