<P> In budgeting ( or management accounting in general ) , a variance is the difference between a budgeted , planned , or standard cost and the actual amount incurred / sold . Variances can be computed for both costs and revenues . </P>
<P> In budgeting ( or management accounting in general ) , a variance is the difference between a budgeted , planned , or standard cost and the actual amount incurred / sold . Variances can be computed for both costs and revenues . </P>
a ( n ) is a difference between actual and budgeted performance
a ( n ) is a difference between actual and budgeted performance
variance
variance