Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

When do you say if the standard revaluation is favorable or unfavorable?

user-image
Question added by Mary Rose Logo , Sr Financial Analyst , SunPower Philippines Ltd
Date Posted: 2017/04/12
adel kamal
by adel kamal , Cheif Accounting Officer , MedLink For Investments

unfavorable or favorable refers to a difference between an actual and a budgeted (Standard)

For example, if sales were budgeted to be, for a period but were actually,, there would be an unfavorable (or negative) variance of,, if expenses were projected to be, for a period but were actually, there would be an unfavorable variance of, and Vice versa would be favorable

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.