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.
An income budget is a specific type of budget that only shows how and where money is earned. This type of budget can be used for professional purposes in a business or can be used for personal reasons, if a single person has various streams of income.he income budget shows in detail how much is coming into the business and where it is coming from, while the master budget shows the entire operation of the business. In other words, the master budget shows how the money from the income budget is being spent within the business.