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.
BUDGETS Budgets are used to plan and control operations and finance by the majority of organisations. Defining budgeting Budgets and budgeting can be defined in a variety of ways depending on the individual or organisation. However, to budget is generally to determine how much cash is available to an individual/organisation.