If the budgeted amount is 0 and the actual amount is $300, what is the variance percentage?
actual budget/budget = variance%
I have NO idea what your asking but Sure :) You can.
Variance = 100*(Actual - Budget)/Budget
A variance is the difference between the projected budget and the actual performance for a particular account. A negative variance means that the budgeted amount was greater than the actual amount spent. A positive variance means that the budgeted amount was less than the actual amount spent. Note there is some debate over whether a negative variance means an underrun or an overrun. The Project Management Institute, however, endorses the accepted convention that a negative variance is a bad thing, and a positive variance a good thing.
A budget "variance" is the difference between planned and actual performance.
A budget "variance" is the difference between planned and actual performance.
True
Budget is the projected financial estimate in a given year, whilst expenditures are the actual expenses incured in carrying out the budget.
Monitoring income statements is a way that people can monitor variance between actual performance and budget. Managers can be assigned to look over income statements for clients.
Actual sales (quantity ) = flexible budget sales (quantity ) , because the flexible budget is prepared based on the actual activity level (units sold ) to avoid misleading of compering the static budget sales and actual sales
how to calculate budget variance percentage?
Fixed overhead budgeted variance is the difference between estimated budgeted cost and actual fixed overhead cost of production.