Budgeting is not an exact science: You can't predict with absolute precision the amount you will bring in or spend until it happens. However, comparing what you thought would occur with what actually ...

Identify budget overages and savings to forecast future costs more accurately. Use variance analysis to pinpoint operational areas needing financial adjustment. Regularly update budgets based on ...

Facilities that focus on manufacturing and production track two kinds of costs: fixed costs and variable costs. The variable costs are those that change when production levels change: raw materials, ...