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, ...

A company's planned budget at the beginning of the year will always end up being different from how the year actually plays out. It's just impossible to predict how the year will go. The differences ...

Part of a company's annual business planning process is forecasting revenues, expenses and profit for the upcoming year. A small-business owner and her team, usually on a monthly basis, analyze the ...