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In variance analysis, what does a negative variance indicate?
In variance analysis, what does a negative variance indicate?
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Practice Questions
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Q1
In variance analysis, what does a negative variance indicate?
Better performance than expected
Worse performance than expected
No variance
Increased sales
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A negative variance indicates worse performance than expected, meaning actual results fell short of budgeted expectations.
Questions & Step-by-step Solutions
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Q
Q: In variance analysis, what does a negative variance indicate?
Solution:
A negative variance indicates worse performance than expected, meaning actual results fell short of budgeted expectations.
Steps: 4
Show Steps
Step 1: Understand what variance analysis is. It compares actual results to expected (budgeted) results.
Step 2: Know what a negative variance means. It shows that actual results are less than what was expected.
Step 3: Realize the implication of a negative variance. It indicates worse performance than planned.
Step 4: Conclude that a negative variance means the results did not meet the budgeted expectations.
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