Sales Quantity Variance
What is Sales Quantity Variance?Sales quantity variance is the variance in profits or contribution margins of an organization because of the difference in sales… Read Article
Sales Variance
Sales Mix Variance
What do we mean by Sales Mix Variance?Sales mix variance is the difference between the sales mix of the company actually sold and the… Read Article
Sales Price Variance
What do we mean by Sales Price Variance?Sales Price Variance is the variance or difference that occurs due to differences in the selling price… Read Article
Sales Value Variance
What do we Mean by Sales Value Variance?Variance is a statistical measure of how much a data set is spread over. It measures the… Read Article
Cost Variance – Meaning, Importance, Calculation and More
Cost Variance (CV) is a term that relates to the budget. As you will be aware, Variance is the difference between the cost and… Read Article
Pre-determined Overhead Rate – Meaning, Calculation And More
A Pre-determined Overhead Rate is a projected ratio of overhead costs, which is determined at the start of the year. A company determines this… Read Article
Variance Analysis Report
What is a Variance Analysis Report?Variance Analysis Report is useful to identify the gap between the planned outcome (The Budgeted) and the actual outcome… Read Article
Sales Volume Variance
Sales volume variance (or Sales quantity variance) is nothing but the dollar variance in total sales as a result of ‘over or underachievement of… Read Article
Variance Analysis Formula with Example
The variance analysis formula is the key to preparing variance analysis reports. For each type of variance, there is a plug-and-play variance formula to… Read Article
Variance Analysis
What is Variance Analysis?Variance Analysis deals with an analysis of deviations in the budgeted and actual financial performance of a company. The causes of… Read Article