Favorable vs. unfavorable budget variances. Favorable Budget Variance A favorable budget variance or positive variance is any actual amount differing from the budgeted amount that is good for the company. Meaning actual revenue that was more than expected, or actual expenses or costs that were less...
From the above, you should comprehend a budget means different things to different people. Primarily this is because humans are diverse and money has assorted meanings to us. Regardless however of the meaning we attribute to the concept of a budget, the actual process of budgeting brings many ...
Such comparison gives management better control over the variance. By comparing the fixed and flexible budget at the start, a manager can know about the variances and thus, can make a corrective decision accordingly. And, then by comparing the budget with the actual result, the manager can dete...
Answer:A flexible budget is a crucial tool in management accounting. It helps determine what a business expects in terms of costs, income, and profits. What makes it especially valuable is that it can change based on the actual activity level. This makes it perfect for looking into the diffe...
Weight – Remember how I made that crack about ‘minimum trail weight’ vs. actual weight? Yeah, that’s actually relevant. A ‘minimum trail weight’ is the weight of the bare-minimum components required to set up the tent which usually means just the body and poles (i.e. it’s marke...
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The explanation is that poorest households are often unable to afford even subsidized energy, and that the poor have lower consumption levels, meaning on a per-unit basis subsidies benefit those with higher incomes. 4.4 Externalities and Emissions Because the bulk of energy subsidies still go ...
Aside from making sure my picks are budget-friendly TV deals, I chose a variety of screen sizes and brands with features customers have come to expect fromsmart TVs. I tried to choose models that provide a lot of value for the actual cost of the TV, so shoppers wouldn't have to sacrif...
Operating expenses reflects a budgeting term vs. operating expenses as an Income statement category Note that there is also a significant Income statement category called "Operating Expenses." This name, therefore, has one meaning for budgeting and a slightly different interpretation for Income statement...
7.Trump vs Hogan: Votes by MoCo Town 8.Council Overrides Veto, Attacks Elrich, Cuts Revenue for School Buildings 9 (tie).Minority Members of the U.S. House 9 (tie).Corporate MoCo Council Adopts Supply-Side Economics The top three stories fit together and have meaning for the new year ...