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.
9 M4- Analyse why costs and budgets need to be controlled. Analyse the reasons why costs and budgets need to be controlled. 10 D3 Define what variances are (favourable and adverse)(see this). Examine the problems of not monitoring a business budget and state why budgets need to be managed properly. (D3)see thiswhy budgets Think about the different aspects of the business and consider how they would each be affected if costs were out of control.