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If you have actual how do you get flexible budget?

Flexible budgets are prepared for different capacity levels like normal capacity, optimistic capacity and pesimistic capacity based on actual budgets.


How are flexible expenses different from fixed expenses?

Flexible expenses are costs that can vary from month to month, such as dining out, entertainment, and travel. In contrast, fixed expenses remain constant regardless of changes in income or spending habits, like rent or mortgage payments, insurance premiums, and loan payments. Understanding the distinction helps individuals manage their budgets more effectively, allowing for adjustments in flexible spending without impacting essential fixed costs.


What is advantages of fixed budgets?

A fixed budget will help businesses manage finances. With a fixed budget managers will not have the ability to spend extra funds.


What is flexible budget?

Fixed or Static buget is for a particular activity level. Flexible budget is for a range of activity level. Differentiate between Fixed and Flexible budget ? Needs a complete answer.


What is the difference between governmental annual operating budgets and capital budgets?

annual operating budgets include estimated revenues and appropriations for expenditure for a specific fiscal year. Capital budgets control the expenditures for construction projects and fixed asset acquisitions


What is the difference between a fixed expense and a flexible expense?

A fixed expense is a regular, recurring cost that remains the same each month, such as rent or mortgage payments, insurance premiums, and salaries. In contrast, a flexible expense varies in amount and frequency, often based on personal choices or usage, such as groceries, entertainment, and dining out. Understanding the distinction helps individuals manage their budgets more effectively by identifying which costs are predictable and which can be adjusted.


What is flexible expense?

Flexible expenses are variable costs that can change from month to month based on personal choices or circumstances. Unlike fixed expenses, which remain constant (such as rent or mortgage payments), flexible expenses include items like dining out, entertainment, and travel. These expenses can be adjusted or reduced as needed, allowing individuals to manage their budgets more effectively. By monitoring flexible expenses, one can enhance financial stability and prioritize spending.


How do flexible expenses differ from fixed expenses?

Flexible expenses vary over time.


How do flexible expenses differ from fixed expense?

Flexible expenses vary over time.


What is the Advantages of fixed budgets?

fixed budget is the budget whose all estimation is not changed after making this type of budget for more knowledge of budget == == == == == ==


Is it best to choose an activity measured in dollars when choosing an acitivy measure for flexible budgets?

The activity base should not be expressed in dollars or other currency. For example, direct labor cost is usually a poor choice for an activity base in flexible budgets. Changes in wage rates affect the activity base but do not usually result in a proportionate change in overhead. Therefore, it is normally best to use physical, rather than financial, measures of activity in flexible budgets..Answer - NO


What is the difference between fixed and flexible automation?

Flexible automation ; You have to consider it when you need low production rate, varying in demand and shot product cycle. As you see the difference between these two automation's name Flexible automation has flexibility to deal with design variations. Fixed automation ; In the opposite of Flexible automation should be consider when you have high demand volume and long product cycles. The product unit of fixed automation is more cheaper than the one which made in flexible manufacturing system.