adverse variance

Which Variance Is Always An Adverse Variance?

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Which Variance Is Always An Adverse Variance? Idle time variance is therefore always described as an ‘adverse’ variance. Is a negative variance always adverse? Variances can be adverse/unfavourable or favourable ie they can be positive or negative. Be very careful with these terms. A positive or a negative variance may be favourable or it may

What Is Budget Variance Analysis?

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What Is Budget Variance Analysis? A budget variance is a periodic measure used by governments, corporations, or individuals to quantify the difference between budgeted and actual figures for a particular accounting category. … Budget variances occur because forecasters are unable to predict future costs and revenue with complete accuracy. What is budget variance example? For