WHAT DOES VARIANCE MEAN IN ACCOUNTING TERMS

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In budgeting a variance is the difference between a budgeted, planned, or standard cost and accounting in general, is a tool of budgetary control by evaluation of performance by means of variances between budgeted amount, planned.

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Definition: Variance can be defined as the difference between the budgeted or A favourable variance is achieved when the actual performance is better than.

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Variance is the difference between budgeted or planned costs or sales and actual costs incurred or sales made. Accounting terms explained simply Debitoor invoicing software helps small business take control of accounting and finances Some overheads are fixed, meaning that the cost does not change depending.

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Dec 21, Variance analysis is the quantitative investigation of the difference between actual and planned behavior. This analysis is used to maintain.

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Definition of variance accounting: Recording and reporting of actual financial results in comparison with standard and budgeted quantities.

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Definition of variance: The difference between an expected and actual result, such as between a budget and actual expenditure.

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unfavorable variance definition. The amount by which actual costs exceed the standard costs or budgeted costs. Also, the amount by which actual revenues are .

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In accounting, a variance is the difference between an expected or planned amount and The company's standards indicate that it should have used $40, of.

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