0
A favorable variance is the difference between the budgeted or standard cost and the actual cost. If the actual cost is less than budgeted or standard cost, it is a favorable variance.
What else can I help you with?
How do you use favourable in sentence?
You can use "favourable" in a sentence to describe a situation that is advantageous or beneficial, such as "The weather forecast is favourable for our outdoor event."
What is the prefix favourable?
unfavour
Which is the correct spelling - 'favourable' or 'favorable'?
Favorable is the American spelling. Favourable is the British spelling.
What is the verb form of favourable?
Favour The teacher favours the girls.
What is a favorable event in probability?
A favourable outcome is one in which the event that you are looking for happens. The word favourable can have contrary connotations. If studying fatal lightning strikes, a "favourable" outcome is one in which someone dies from being struck by lightning. I don't know many people who would consider that "favourable"!
What is a favourable outcome?
The outcome that is the top number on a fraction. e.g. The multiples of 3 are 3 and 6 = there are 2 favourable outcomes. Probability ( multiple of 3 ) + 2/6 = two favourable outcomes/six possible outcomes
What is a favourable climate?
One that you like.
What is a opposite of word favourable?
Unfavorable.
Is favourable an abstract noun?
No, the word 'favourable' (favorable in the US) is an adjective, a word that describes a noun (a favorabledecision, a favourable outcome)The abstract noun forms of the adjective 'favorable' are favourableness and favourability.
What is favorable probability?
Favourable probability is the probability that the outcome that you are looking for does actually occur.As an aside, "favourable" can be an unfortunate word if you are looking for the probability of an undesirable outcome - being the victim of a fatal incidence. Not many would consider that as being "favourable".
What do you call a favourable set of circumstances?
idea
What is the definition of favourable?
Well disposed or propitious.
