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What is a variance in a budget?

Charlotte Lee | 2018-06-17 12:09:55 | page views：1133
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Felix Davis

Works at the International Criminal Police Organization (INTERPOL), Lives in Lyon, France.
A budget variance is the difference between the budgeted or baseline amount of expense or revenue, and the actual amount. The budget variance is favorable when the actual revenue is higher than the budget or when the actual expense is less than the budget.Nov 15, 2017
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Carter Martin

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A budget variance is the difference between the budgeted or baseline amount of expense or revenue, and the actual amount. The budget variance is favorable when the actual revenue is higher than the budget or when the actual expense is less than the budget.Nov 15, 2017
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