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What is a positive variance?

Gabriel Wilson | 2018-06-17 12:10:01 | page views：1181
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Ethan Jackson

Works at the International Committee of the Red Cross, Lives in Geneva, Switzerland.
A favorable budget variance refers to positive variances or gains; an unfavorable budget variance describes negative variance, meaning losses and shortfalls. Budget variances occur because forecasters are unable to predict the future with complete accuracy.
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Lucas Scott

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A favorable budget variance refers to positive variances or gains; an unfavorable budget variance describes negative variance, meaning losses and shortfalls. Budget variances occur because forecasters are unable to predict the future with complete accuracy.
Budget Variance - Investopedia
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