variance analysis

  

Definition

Process aimed at computing variance between actual and budgeted or targeted levels of performance, and identification of their causes.

Use variance analysis in a sentence

  • At the end of the fiscal year the budget analyst was asked to provide a variance analysis of the prior year in preparation for the new budget.

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  • The variance analysis was in and we were boggled at how strange it was to read the findings of the analysis.

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  • You need to check out the variance analysis and try to figure out what is causing all of the big swings.

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