The difference between the amount budgeted and the actual amount is called a

Name: The difference between the amount budgeted and the actual amount is called a
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

The difference between the budgeted amount and the actual amount is called budget variance. This variance can be positive (actual amount is less than budgeted) or negative (actual amount is more than budgeted). It is an important tool for evaluating financial performance and making adjustments to future budgets.

The Difference Between the Amount Budgeted and the Actual Amount