1. Convert metrics data to percentages. Start by converting your variance data to percentage calculations to better fit your bull’s-eye chart, as follows. Divide the budget variance by the total ...

The way to accomplish this goal is known as budget variance analysis. Putting together a budget at the start of the year is a valuable exercise for any business. It gathers input from all the ...

The other way to look at financial variance is as a percentage of the budget for that item. To get the percentage, divide the raw dollar-amount difference by the amount budgeted and then subtract ...

A budget variance is a periodic measure used by governments, corporations, or individuals to quantify the difference between budgeted and actual figures for a particular accounting category.

How to calculate revenue and expense variance to the budget Before analyzing what budget variances mean, they must first be calculated. This is a relatively easy calculation as long as the company ...