Definitions
There is 1 meaning of the phrase
Variance Analysis.
Variance Analysis - as a noun
The investigation of deviations in financial performance from the standards defined in organizational budgets.
Example: "However, the variance analysis of manufacturing overhead costs is very important as manufacturing overhead costs have become a very large percentage of a product's costs."
Example Sentences
"The management team conducted a variance analysis to identify the reasons for the deviation from the budgeted sales figures."
"The accountant prepared a detailed report on the variance analysis of the production costs."
"The variance analysis showed that the increase in expenses was primarily due to higher raw material costs."
"The finance department uses variance analysis to measure the performance of different cost centers within the organization."
"The variance analysis highlighted significant deviations from the projected cash flows."
