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Salary. It is a fixed expense.
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∙ 13y ago
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How would you define fixed budget?
A fixed Budget is a financial plan that does not change through the budget period, irrespective of any changes from the plan in actual activity levels experienced .
What is the difference between a fixed budget and a flexible budget?
is a plan for a single level of production, whereas a flexible budget can be converted to any level of production.
What was the Production Budget for The Game Plan?
The Production Budget for The Game Plan was $22,000,000.
What was the Production Budget for A Simple Plan?
The Production Budget for A Simple Plan was $17,000,000.
What was the Production Budget for Escape Plan?
The Production Budget for Escape Plan was $70,000,000.
What tool allows commanders to decide how funding will be spent to execute their assigned missions?
budget execution plan
What was the Production Budget for The Back-up Plan?
The Production Budget for The Back-up Plan was $35,000,000.
What is a budget committee?
A group of people who discusses and plans a budget. They discuss, plan, research, and present the budget plan to who ever assigned them the committee job.
Is budget a single use plan standing plan or strategic plan?
It is a strategic plan
How is budget committee and budget manual?
A budget committee decides on how money is allotted and a budget manual is the plan to implement.
What is a profile budget?
A budget profile is the month by month plan of when the funds in a budget are expected to be spent.
Explain difference between fixed and flexible budget?
Fixed Budget Flexible Budget Fixed budget is inflexible and does not change with the actual volume of output achieved. Flexible budget can be suitably recasted quickly according to level of activity attained. Fixed budget assumes that conditions would remain static. Flexible budget is design to change according to changed conditions. Costs are not classified according to their variability i.e. fixed, variable and semi variable. Coasts are classified according to the nature of their variability. Comparison of actual and budgeted performance cannot be done correctly if the volume of output differs. Comparisons are realistic as the changed plan figures are placed against actual ones. It is difficult o forecast accurately the resultsin it. Flexible budget clearly shows the impact of various expenses on the operational aspects of the business. Only one budget at a fixed level of activity is prepared due to an unrealistic expectation on the part of the management Series of budgets are prepared at different level of activities. Fixed budget has a limited application and is inefficient as a tool for cost control. Flexible budget has more application and can be used as a tool for cost control. If the budgeted and actual activity levels vary, the correct ascertainment os coasts and fixation of prices becomes difficult. Flexible budget helps in fixation of prices and submission of tenders due to correct ascertainment of coasts.
