Difference between revisions of "Favorable variance"
(Created page with "Favorable variance is variance that has the effect of increasing operating income relative to the budgeted amount. Denoted F. ==Definitions== According to Cost Accounti...") |
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According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]], | According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]], | ||
:[[Favorable variance]]. Variance that has the effect of increasing operating income relative to the budgeted amount. Denoted F. | :[[Favorable variance]]. Variance that has the effect of increasing operating income relative to the budgeted amount. Denoted F. | ||
| + | According to [[Managerial Accounting by Braun, Tietz (5th edition)]], | ||
| + | :[[Favorable variance]]. A variance that causes operating income to be higher than budgeted. | ||
[[Category: Accounting]][[Category:Articles]] | [[Category: Accounting]][[Category:Articles]] | ||
Latest revision as of 10:54, 15 July 2020
Favorable variance is variance that has the effect of increasing operating income relative to the budgeted amount. Denoted F.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Favorable variance. Variance that has the effect of increasing operating income relative to the budgeted amount. Denoted F.
According to Managerial Accounting by Braun, Tietz (5th edition),
- Favorable variance. A variance that causes operating income to be higher than budgeted.
