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Percentage Cash Variance v3

Last modified by
on
Jul 24, 2020, 6:28:07 PM
Created by
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Jul 17, 2015, 4:02:43 PM
Percentage Variance=(Cash This YearCash Last Year)-1Percentage Variance=(Cash This YearCash Last Year)−1
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Accounting Operation Management Percentage cash
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42075487-2c9d-11e5-a3bb-bc764e2038f2

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 both costs and revenues. This equation shows the percentage of variance in relation to cash.

Resource:

  • Dopson, Lea R., and David K. Hayes. Managerial Accounting for the Hospitality Industry. Hoboken, NJ: Wiley, 2009. Print.
This equation, Percentage Cash Variance v3, is used in 1 page
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