budget cost allowance

The amount of budgeted expenditure that a cost centre or budget centre is allowed to spend according to its budget, having regard to the level of activity (or other basis of cost incurrence) actually achieved during the budget period. The budget cost allowance is usually based on the level of activity achieved and whether the cost item is classified as a fixed cost or a variable cost

Accounting dictionary. 2014.

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  • budget cost allowance — The amount of budgeted expenditure that a cost centre or budget centre is allowed to spend according to its budget, having regard to the level of activity (or other basis of cost incurrence) actually achieved during the budget period The budget… …   Big dictionary of business and management

  • budget cost allowance — Fin the budgeted cost ascribed to the level of activity achieved in a budget center in a control period. It comprises variable costs in direct proportion to volume achieved and fixed costs as a proportion of the annual budget. Also known as… …   The ultimate business dictionary

  • budget — 1. noun 1) your budget for the week Syn: financial plan, forecast; accounts, statement 2) a cut in the defense budget Syn: allowance, allocation, quota; grant, award, funds, resources …   Thesaurus of popular words

  • budget — [n] financial plan account, aggregate, allocation, allowance, bulk, cost, estimated expenses, finances, fiscal estimate, funds, means, planned disbursement, quantity, quantum, resources, spending plan, statement, total; concept 332 budget [v]… …   New thesaurus

  • budget — Synonyms and related words: Swiss bank account, abundance, accounts, accounts payable, accounts receivable, accumulation, agenda, aggregate, allotment, allowance, amassment, amount, assets, backlog, balance, bale, bank account, batch, batting… …   Moby Thesaurus

  • cost — Synonyms and related words: afford, amount, amount to, bereavement, bring, bring in, budget, budget items, burden of expenditure, carrying charge, charge, charges, come to, come up to, cost of living, cost out, cost of living allowance, cost of… …   Moby Thesaurus

  • cost of living — Synonyms and related words: budget, budget items, burden of expenditure, carrying charge, charges, consumer price index, cost, cost of living allowance, cost of living index, costs, direct costs, disbursals, distributed costs, expense, expense… …   Moby Thesaurus

  • budget — I (New American Roget s College Thesaurus) n. apportionment, allowance; [estimate of] expenses. See accounting, plan. II (Roget s IV) n. Syn. estimates, estimated expenses, allocations, allowance, budgetary figures, accounts, financial statement …   English dictionary for students

  • budget — n 1. estimate, statement, financial statement; costs, expenses, operating expenses, general expenses, overhead. 2. plan, blueprint, schedule, program. 3. allowance, ration, share, portion, part; allotment, allocation, percentage, quota. 4. stock …   A Note on the Style of the synonym finder

  • flexed allowance — flexed budget allowance The budgeted expenditure level for each of the variable cost items adjusted to the level of activity actually achieved. See: budget cost allowance, flexible budget …   Accounting dictionary

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