How Can Budget Variance Be Avoided?
How Can Budget Variance Be Avoided? For example, if your budgeted expenses were $200,000 but your actual costs were $250,000, your unfavorable variance would be $50,000 or 25 percent. Often budget variances can be eliminated by analyzing your expenses and allocating an expensed item to another budget line. How do you reduce budget deviations? Budgeting