The difference in the amount on a current budget to the amount on a projected budget.
Related information about budget variance:
- Variance (accounting) - Wikipedia, the free encyclopedia
In budgeting (or management accounting in general), a variance is the difference between a budgeted, planned or standard amount and the actual amount ...
- Budget Variance Definition | Investopedia
A favorable budget variance refers to positive variances or gains; an unfavorable budget variance describes negative variance, meaning losses and shortfalls.
- What is a budget variance? - Questions & Answers - AccountingTools
Dec 7, 2010 ... A budget variance is the difference between the budgeted or baseline amount of expense or revenue, and the actual amount. The budget ...
- What Is Budget Variance?
Budget variance is a difference between a planned budget and the actual outcome. The main reasons that budget variance occurs is...
- Budget Variance: Definition from Answers.com
1. any difference between a budgeted figure and an actual figure. 2. any difference between actual factory overhead costs and standard (flexible budget)
- What is budget variance? definition and meaning
Definition of budget variance: Difference between the actual amount incurred or realized, and the corresponding forecasted (budgeted) figure.
- Assignment example: Calculating a variance
%Budget Variance% = (Actual – Budget) / Budget . Variance calculations can also be applied to aggregations of dimension hierarchies, or to leaf levels. Thus ...
- What Are Some Examples of Budget Variances? | Chron.com
A budget variance is a discrepancy between the predicted cost or revenue in a given account. A budget variance may include a revenue shortfall due to an ...