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Why does a variance occur?

Benjamin Brown | 2023-06-17 09:46:26 | page views：1849
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Julian Cook

Works at the International Telecommunication Union, Lives in Geneva, Switzerland.
There are three primary causes of budget variance: errors, changing business conditions and unmet expectations. Errors by the budget creators can occur when the budget is being compiled. ... Conversely, an unfavorable variance occurs when revenue falls short of the budgeted amount or expenses are higher than predicted.
2023-06-24 09:46:26
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Ethan Turner

QuesHub.com delivers expert answers and knowledge to you.
There are three primary causes of budget variance: errors, changing business conditions and unmet expectations. Errors by the budget creators can occur when the budget is being compiled. ... Conversely, an unfavorable variance occurs when revenue falls short of the budgeted amount or expenses are higher than predicted.
Budget Variance - Investopedia
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