variance analysis

Variance analysis can be carried out for both costs and revenues.

Actual costs charged to the work package are used in variance analysis.

In many cases, different conditions are analyzed with some replications to allow variance analysis [ 1, 2].

There was no variance analysis, no discipline and no control in the conventional sense.'

When used in Variance Analysis this can lead to unfavorable variances being falsely identified.

For statistical significance the variance analysis and the Student's t test were used and p values less than 0.05 were considered as significant.

Most firms find a well-documented budget with a regular comparison between actual results and budgets (variance analysis) wholly adequate.

There is a need to introduce more comprehensive variance analysis to explain differences between 'budgeted' and 'actual'expenditure.

Variance analysis (accounting)

Consequently, it is the first nodal circle, the innermost one, which best discriminates the modes, as is also shown by a variance analysis.

Variance analysis is a systematic approach to the comparison of the actual and budgeted costs of the raw materials and labor used during a production period.

Ijiri, Y. (1993), "Variance analysis and triple-entry bookkeeping."

Geostatistics: residual analysis, ordinary and universal kriging, single and multiple regression analysis, variance analysis.

For the 'classic' business practices (such as yearly budgets and variance analysis) were only designed to operate efficiently when the firm and its environment were reasonably stable.

In variance analysis (accounting) direct material price variance is the difference between the standard cost and the actual cost for the actual quantity of material used or purchased.

The Adaptive Planning application is used for corporate budgeting, forecasting, reporting, consolidation, KPI analysis, dashboards, and variance analysis.

Typically, budgeting and planning systems are predicated on single views of the future, with adjustments made as necessary through variance analysis, contingency planning, rolling budgets, and periodic renegotiations.

In variance analysis (accounting) direct material total variance is the difference between the actual cost of actual number of units produced and its budgeted cost in terms of material.

Numerous reports allowing evaluation of project progress and costs (project status reports allowing the archiving of key project figures, milestone trend analysis, Earned Value analysis, variance analysis).

The activities management accountants provide inclusive of forecasting and planning, performing variance analysis, reviewing and monitoring costs inherent in the business are ones that have dual accountability to both finance and the business team.

Data were expressed as mean values SEM and tested with variance analysis followed by the multiple comparison tests to Tukey-Kramer for the anticonvulsant activity and for the sleeping activity.

Macroaxis uses standard mean variance analysis in the context of Modern Portfolio Theory to find optimal portfolios for different sets of equity instruments, including stocks, mutual funds, and ETFs.

The evaluated lymph nodes characterized as benign or malignant (by T2*/variance analysis) were then superimposed on the volumetric 3D images, using customized software (Advantage Windows, General Electric Medical Systems).

In terms of detailed variance analysis, it does not, it seems to me, have much of an advantage over conventional standard costing in most situations, but it does help considerably in focusing on the key competitive issues.

Variance analysis, in budgeting (or management accounting in general), is a tool of budgetary control by evaluation of performance by means of variances between budgeted amount, planned amount or standard amount and the actual amount incurred/sold.