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It's dificult to budget for vaiable expenses because variable expenses change based on a number of factors.
they are important because you have to pay fixed and they are accountable. variable expenses are important because they can change your budget.
variable expenses
The flex in the flexible budget relates solely to variable costs such that it uses percentages of revenue for certain expenses. Flex budget is used rather that the usual fixed numbers to allow for an infinite series of changes in budgeted expenses that are directly tied to actual revenue incurred.
operating budget pays for day-to-day expenses, like salaries of a state employee and capital budget pays for major capital, or investment, spending, like building a bridge the money comes from there.
It's dificult to budget for vaiable expenses because variable expenses change based on a number of factors.
they are important because you have to pay fixed and they are accountable. variable expenses are important because they can change your budget.
Budget is the projected financial estimate in a given year, whilst expenditures are the actual expenses incured in carrying out the budget.
The difference, on a yearly basis, between the budget (expenses) for the federal government of the United States and revenues (income). When the expenses are more than the income, the difference is called the deficit. When the income is more than the expenses, the difference is called a surplus.
The difference, on a yearly basis, between the budget (expenses) for the federal government of the United States and revenues (income). When the expenses are more than the income, the difference is called the deficit. When the income is more than the expenses, the difference is called a surplus.
variable expenses
A planned budget is one that is structured and has been well thought out. An unplanned budget is one that pays bills and expenses as they come without a preset plan.
A family budget generally reflects the family's income as well as the family's fixed and variable expenses. The fixed expenses will include food, rent and transportation costs.
There is no difference between them.. Their difference only is how you understood about financial budget.. :)
The flex in the flexible budget relates solely to variable costs such that it uses percentages of revenue for certain expenses. Flex budget is used rather that the usual fixed numbers to allow for an infinite series of changes in budgeted expenses that are directly tied to actual revenue incurred.
operating budget pays for day-to-day expenses, like salaries of a state employee and capital budget pays for major capital, or investment, spending, like building a bridge the money comes from there.
operating budget pays for day-to-day expenses, like salaries of a state employee and capital budget pays for major capital, or investment, spending, like building a bridge the money comes from there.