Variance in Managerial Accounting Presentation
Introduction Variance is disparity between standard and real cost Variance affect performance Variances relate to revenues and cost Types of variances : Favorable , Unfavorable, Materials, Labor, Overheads (Church, 1995) In management accounting, variance refers to the differences between standard (planned or budgeted) costs and the real (actual) costs that are sold or incurred. The […]