Variance in Accounting Meaning, Formula, and Analysis
Your variance is -50%, showing that your actual labor hours were 50% fewer than you predicted. If the number is negative, you have an unfavorable variance (don’t panic—you can analyze and improve). Due to the different types of variances, you might measure variances in dollars, units, or hours. Variances impact each of the financial statements, …
Variance in Accounting Meaning, Formula, and Analysis Read More »