Aging is an important process when it comes to cheese making. When the cheese is all ready to go out, it is given a aging time. It is this aging period that defines the flavor, taste and aroma of any cheese. Edam cheese ages well and with time it is much better. Different cheese varieties have different aging periods.
This chapter introduces flexible budgets. The most common budgets prepared on a flexible basis focus on total production costs, or some measure of profitability, such as an income statement budget. Flexible budgets are useful for performance evaluation of cost and profit centers.
flexible-budget analysis. enables a manager to distinguish how much of the difference between an actual result and a budgeted amount is due to (a) the difference between actual and budgeted output levels, and (b) the difference between actual and budgeted selling prices, variable costs, and fixed costs.y holding AQ constant, the difference is due to the difference between the actual price paid for DM and DL and the budgeted or standard amount expected for DM and DL. Investigation of what causes these variances is used to control operations. The price variance for DM can be determined when the materials are purchased.