How does one calculate budget variance?

Answer

In budgeting, variance is the difference between a budgeted, planned or standard amount and the actual amount incurred or sold. Variance can be calculated for both costs and revenues. Variances are divided according to their effect or nature of the underlying amounts.
Q&A Related to "How does one calculate budget variance?"
Project variance is anything that causes a project to veer from its initial course. The most common sources of project variance are unexpected scheduling, technical problems and budgetary
http://www.ehow.com/info_8512928_project-variance....
Variance = 100*(Actual - Budget)/Budget
http://wiki.answers.com/Q/How%20do%20you%20calcula...
.75 per unit x 72,000 = 54,000 Unfav.
http://answers.yahoo.com/question/index?qid=201208...
The variance is a complex math process that I don't know how to explain, but try going to
http://www.chacha.com/question/what's-the-variance
2 Additional Answers
Ask.com Answer for: what is a budget variance
Budget Variance
A periodic measure used by governments, corporations or individuals to quantify the difference between budgeted and actual figures for a particular accounting category. A favorable budget variance refers to positive variances or gains; an unfavorable... More »
A budget variance is the difference between a budgeted, planned or standard amount and the actual amount used. Usually occurring in revenues and expenses, the planning tool is vital in helping the business or person to plan for the future by knowing how wide the variance is expected to be.
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2014 Ask.com