How to Calculate a Spending Variance (Example)
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6 سال پیش
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This video shows an example
This video shows an example of how to calculate a spending variance.
A spending variance is the difference between an actual expense amount and the expense amount that should have occurred, given the activity level (this is the expense amount predicted by the flexible budget). Thus, if the actual supplies expense is $60,000 and the supplies expense predicted by the flexible budget is $53,000, the company would have an unfavorable spending variance of $7,000. You cannot tell whether the unfavorable variance is because the company paid too much for the supplies or used too many supplies; further variance analysis is necessary to determine the cause.—
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A spending variance is the difference between an actual expense amount and the expense amount that should have occurred, given the activity level (this is the expense amount predicted by the flexible budget). Thus, if the actual supplies expense is $60,000 and the supplies expense predicted by the flexible budget is $53,000, the company would have an unfavorable spending variance of $7,000. You cannot tell whether the unfavorable variance is because the company paid too much for the supplies or used too many supplies; further variance analysis is necessary to determine the cause.—
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
—
SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS:
• A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING
• A 44-PAGE GUIDE TO U.S. TAXATION
• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS
• MANY MORE FREE PDF GUIDES AND SPREADSHEETS
* http://eepurl.com/dIaa5z
—
SUPPORT EDSPIRA ON PATREON
*Patreon: prof_mclaughlin
—
GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT
* https://edspira.thinkific.com
—
LISTEN TO THE SCHEME PODCAST
* Apple Podcasts: https://podcasts.apple.com/us/podcast...
* Spotify: https://open.spotify.com/show/4WaNTqV...
* Website: https://www.edspira.com/podcast-2/
—
GET TAX TIPS ON TIKTOK
* TikTok: prof_mclaughlin
—
ACCESS INDEX OF VIDEOS
* https://www.edspira.com/index
—
CONNECT WITH EDSPIRA
* Facebook: Facebook: Edspira
* Instagram: Instagram: edspiradotcom
* LinkedIn: LinkedIn: edspira
—
CONNECT WITH MICHAEL
* Twitter: Twitter: Prof_McLaughlin
* LinkedIn: LinkedIn: prof-michael-mclaughlin
—
ABOUT EDSPIRA AND ITS CREATOR
* https://www.edspira.com/about/
* https://michaelmclaughlin.com
6 سال پیش
در تاریخ 1397/08/07 منتشر شده
است.
20,140
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