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Discuss in detail how budgeting relates to variance analysis.

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General Management

Discuss in detail how budgeting relates to varianceanalysis.

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Variance Analysis is a decriptive study of deviations of actual behavious versus forcasted behaviour in budgeting Budget Variance is a calculative measure taken by government or corporations periodically for analysing the differene between actual actual and budgeted figures Budget Variances are affected by two type of factors such as Controllable factor which occurs within the organisations like labor cost change in startegy etc and second uncontrollablle factor which a organisation cant control or it haappens    See Answer
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