Variances that occur when actual figures are better than budgeted – for example – when actual costs are less than budgeted costs, when actual sales are more than budgeted sales, or when actual profit is more than budgeted profit.
Variances that occur when actual figures are better than budgeted – for example – when actual costs are less than budgeted costs, when actual sales are more than budgeted sales, or when actual profit is more than budgeted profit.