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how to calculate budget variance percentage?

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16y ago

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How do you calculate percentage of benefits on a business budget?

(cost of benefits) / total budget x 100


What is a positive or negative variance of a budget?

A variance is the difference between the projected budget and the actual performance for a particular account. A negative variance means that the budgeted amount was greater than the actual amount spent. A positive variance means that the budgeted amount was less than the actual amount spent. Note there is some debate over whether a negative variance means an underrun or an overrun. The Project Management Institute, however, endorses the accepted convention that a negative variance is a bad thing, and a positive variance a good thing.


How can I calculate portfolio variance in Excel?

To calculate portfolio variance in Excel, you can use the formula SUMPRODUCT(COVARIANCE.S(array1,array2),array1,array2), where array1 and array2 are the returns of the individual assets in your portfolio. This formula takes into account the covariance between the assets and their individual variances to calculate the overall portfolio variance.


What is the difference between negative price variance and volume variance?

Negative price variance is when the cost is less than budgeted. Volume variance is a variance in the volume produce.


How do i figure the percentage of my budget that I saved if I spent 1529.52 less?

There is insufficient information. You need to specify what your total budget was and either how much you spent or saved. You have not provided your total budget.