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The actual are retrospective - they have occurred and have to entered in a budget document against what was budgeted so that you have the budget then actual and then you will find the difference plus or minus against budget. The date for actual comes from what has happened i.e. in a wage budget you will plan what you spent, after that period (month of the year) you will have the actual cost of the wage. The costs would be made available from the the department who make up the wages.
What else can I help you with?
How do you calculate a budget variance as a percentage?
actual budget/budget = variance%
How do you find the percentage of a budget 875 and the actual cost 900?
In a more simply way you divide the actual cost incurred by the projected budge/amount.
How do you calculate budget variance percentage?
Variance = 100*(Actual - Budget)/Budget
What variance is the difference between the actual sales and the flexible budget sales?
Actual sales (quantity ) = flexible budget sales (quantity ) , because the flexible budget is prepared based on the actual activity level (units sold ) to avoid misleading of compering the static budget sales and actual sales
Is Static planning budget and flexible budget or Flexible budget and actual results comparisons that best isolates the impact that changes in prices of inputs and outputs have on performance?
flexible budget and actual results
What is the Difference between budget and actual expenditure?
Budget is the projected financial estimate in a given year, whilst expenditures are the actual expenses incured in carrying out the budget.
A budget that is based on the actual activity of a period is known as?
SALES
What is budget variance?
A budget "variance" is the difference between planned and actual performance.
What is a budget variance?
A budget "variance" is the difference between planned and actual performance.
Preparing a budget showing both anticipated and actual expenses What kind of budget would it be?
It would be an expense budget.
What is rigid budget?
Rigid Budget: It does not change with actual volume of activity achieved. Thus it is known as a Rigid or inflexible budget.
How do you figure percentage over and under budget?
we budgeted 10434528. and Actual is 12597289.79 what's the percentage increase
