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Variance

This topic has 1 reply, 2 voices, and was last updated 4 years ago by Ken Garrett.

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February 3, 2020 at 7:20 am #560473
jerr
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What’s the difference between budget variance and planning variance?
February 3, 2020 at 7:56 am #560474
Ken Garrett
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A budget variance is the difference between the actual amount of expense or income and the planned or budgeted amount.
A planning variance is the difference between the original budget amount and a revised budget amount.
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