Archive | Cost Variances

Sales Variance

Each and everything you need to know about Sales Variance.  Sales Value Variance: It is the difference between budgeted sales revenue and actual sales revenue. In other words, this variance represents the difference between expected sales revenue and actual sales revenue achieved. It is also called Total Sales Variance. Sales Price Variance: It is the difference between actual and expected [...]

By |2021-06-06T17:54:37+00:00May 31, 2021|Cost Variances|Comments Off on Sales Variance

Cost Variances: Causes and Reasons | Cost Accounting

In this article we will discuss about:- 1. Causes of Cost Variance 2. Reasons for Cost Variances 3. Interdependence between Variances. Causes of Cost Variance: The causes of variances can be categorized as follows: (a) Implementation deviation results from a human or mechanical failure to achieve an attainable income. (b) Prediction deviation results from errors in specifying the parameter values [...]

By |2016-12-12T08:06:15+00:00December 12, 2016|Cost Variances|Comments Off on Cost Variances: Causes and Reasons | Cost Accounting
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