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Strain theorists argue that society defines certain goals (principally the accumulation of wealth) as worthy of attainment. When members of society, predominantly the lower socio-economic class, fail to achieve those goals, frustration (or strain) results. To relieve this frustration:
Flexible Budgets
A budget that adjusts or flexes with changes in volume or activity, allowing for a more accurate comparison of actual spending with budgeted amounts for different levels of activity.
Actual Overhead
The real costs incurred for indirect materials, labor, and expenses in operating a business.
Budgeted Manufacturing
The process of estimating the costs of production for a specific period, including materials, labor, and overhead.
Relevant Range
The band of production or activity levels within which the assumptions about cost behavior for a company remain valid.
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