budget variance

Popular Terms
Difference between the actual amount incurred or realized, and the corresponding forecasted (budgeted) figure.

Use 'budget variance' in a Sentence

You should always factor in for budget variance so that you will be prepared if things don't go as planned.
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Our budget variance shows a twelve-thousand dollar deficit; we have spent far more than we had originally thought we would.
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The budget variance was not much different than I thought it would be and that gave us all a lot of relief.
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