Variance (Net Income)

The Variance in Net Income calculator computes the difference in net income between two period.

INSTRUCTIONS: Choose currency units and enter the following:

• (NT) This is the net income for this period.
• (NL) This is the net income from the last period.

Net Income Variance: The calculator returns the variance in net income in US dollars.  However, this can be automatically converted to other currency units via the pull-down menu.

In budgeting (or management accounting in general), a variance is the difference between a budgeted, planned or standard cost and the actual amount incurred/sold. Variances can be computed for costs, revenues and net income.
Related Calculators:

• Variance in Net Income
• Percent in Variance in Net Income based on the net income from two periods
• Portfolio Variance with Two Assets

Resource:

• Dopson, Lea R., and David K. Hayes. Managerial Accounting for the Hospitality Industry. Hoboken, NJ: Wiley, 2009. Print.