Budget Variance

Budget Variance

In accounting, the difference between the estimated and actual cost of a project or other operation. See also: Budget report.
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the CI Culture Controlling CI: Controlling the Finding Opportunities Budget: Management by for Improvement Exception Variance The budget variance The waste variance Interpretation measures measures potential conformance with savings from budget commitments.
A positive budget variance in fiscal 2011 spending helped to narrow an anticipated $5.
The county is projecting a positive budget variance which Fitch believes is a reasonable projection given strong than budget sales tax performance as well as the realization of various cost savings measures.
Primary drivers of the positive budget variance were the village's conservative budgeting of sales tax, which was up 1.
Year-to-date, general fund operations are tracking towards a positive budget variance of $100,000 to $200,000.
budget variance column clearly shows the impact of having lower capacity utilization than was budgeted as well a factual presentation of gross profit variance.
5% Budget variance PY variance explained by explained by fav/(unfav) fav/(unfav) Operations FX Operations FX Sales $ 934 $ (1,489) $ 453 $ (3,088) Cost of goods sold (645) 1,246 (164) 2,601 Gross profit 289 (243) 289 (487) % of sales 0.
Learning from an audit budget usually occurs after the audit, during budget variance analysis.
Some departments implement AFAs to drive down matter costs, while others are focused on increasing budget predictability and reducing quarterly budget variance.
Budget variance analysis using Hyperion-BI integration
The manager then should be evaluated on a sort of prorated standard to extract the uncontrollable components from the budget variance.