True or False A budget variance is the difference between ex

True or False:

A budget variance is the difference between expected results and actual results at different levels of operations?

Solution

Budget Variance: Budget Variance is calculated the difference between actual and expected results. When the actual Revenue is greater than budgeted revenue than the variance is favourabel and vice - Versa when the budgeted rvenue is more than the variance is unfavorable.

So Variance is the difference between the actual amount and budgeted amount.

So, Answer = True.