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In order to jump off the floor, the floor must exert a force on you
Flexible Budget Report
A financial report that compares actual results to a budget adjusted for the actual level of activity or volume of work performed.
Direct Labor Hour
A measure of the amount of time spent by an employee or a group of employees to produce a unit of output.
Master Budget Activity
The comprehensive aggregation of all individual budgets and plans into one complete financial budget, covering all aspects of the organization's operations.
Not-for-profit Organization
An organization that operates for purposes other than generating profit, where surplus revenues are reinvested to further its mission.
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