A budget variance can be interpreted, or analyzed, as something that:

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A budget variance can be interpreted, or analyzed, as something that can be both controllable and uncontrollable. For example, budget expense variances can be related to patient census and acuity levels (uncontrollable factors) and lower productivity as well as overtime (controllable factors). Although some budget variances may be the result of incompetent budgeting, most budget variances arise from both controllable and uncontrollable factors.

A Budget Variance Can Be Interpreted, or Analyzed, as Something