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