When the static budget is compared to other facets of the budgeting process (such as the flexible budget and the actual results), two types of variances can be derived:
1. Static Budget Variance: The difference between the actual results and the static budget
2. Sales Volume Variance: The difference between the flexible budget and the static budget
These variances are used to assess whether the differences were favorable (increased profits) or unfavorable (decreased profits).
Investment dictionary. Academic. 2012.
Look at other dictionaries:
static budget — A *budget that provides information for only one level of activity. In contrast to a *flexible budget, a static budget cannot be readily adapted to changes in operational circumstances … Auditor's dictionary
static budget — See: fixed budget … Accounting dictionary
Бюджет статический (STATIC BUDGET) — См. Бюджет фиксированный (Fixed Budget) … Словарь терминов по управленческому учету
Static analysis — Static analysis, static projection, and static scoring are pejorative terms for statistical analyses for which existing trends are projected into the future simplistically, or beyond what is possible to predict in any manner, producing results… … Wikipedia
Static (The Twilight Zone) — Infobox Television episode Title = Static Series = The Twilight Zone Caption = Paranormal radio as seen in Static Season = 2 Episode = 56 Airdate =March 10, 1961 Production = 173 3665 Writer =Charles Beaumont Director =Buzz Kulik Guests =Dean… … Wikipedia
fixed budget — static budget A budget that does not take into account any circumstances resulting in the actual levels of activity achieved being different from those on which the original budget was based. Consequently, in a fixed budget the budget cost… … Accounting dictionary
flexible budget — A *budget that provides information on various levels of activity. In contrast to a *static budget, a flexible budget is a dynamic management tool that caters for changes in operational circumstances. Its flexibility can simplify *variance… … Auditor's dictionary
fixed budget — An alternative term for *static budget … Auditor's dictionary
Moist static energy — The moist static energy is a thermodynamic variable that describes the state of an air parcel, and is similar to the equivalent potential temperature. The moist static energy is a combination of a parcels kinetic energy due to an air parcel s… … Wikipedia
Balanced budget — From a Keynesian point of view, a balanced budget in the public sector is achieved when the government has enough fiscal discipline to be able to equate the revenues with expenditure over the business cycles. In other words, a government s budget … Wikipedia