Page 100 - F2 Slides 2017-18
P. 100
Flexed Budgets and budget variances
Variances are differences arising between the original
budget and actual results.
Volume Variance Expenditure Variance
Fixed Budget Flexed Budget Actual results
Original Original Actual
expenditure levels expenditure levels expenditure levels
for budgeted for actual activity for actual activity
activity level level level
Total Variance
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