What is The Meaning of Unfavorable Variance?
A simple definition of Unfavorable Variance is: Unwanted variation is an accounting term that describes when actual costs exceed the standard or estimated cost. Aggressive deviations remind management that the company's revenue will be lower than expected. The sooner inappropriate deviations are detected, the sooner attention will be paid to resolving the issue.
- Unwanted variation is an accounting term that describes cases in which actual costs exceed the standard or estimated cost.
- Aggressive deviations remind management that the company's revenue is lower than expected.
- Exploitation can be due to low income, high expenses or a combination of both.
Literal Meanings of Unfavorable Variance
Meanings of Unfavorable:
Express or point out a lack of approval or support.
Adverse side effects.
Sentences of Unfavorable
The pressure of single mothers is reduced.
It is unwise to sell a company when the economic situation is very precarious.
Synonyms of Unfavorable
adverse, critical, hostile, inimical, unfriendly, antagonistic, unsympathetic, negative, disadvantageous, inauspicious, unpropitious, unfortunate, unlucky, unhappy, detrimental, bad, gloomy
Meanings of Variance:
Facts or characteristics are different, different or contradictory.
Sentences of Variance
Her startled tone contradicted her sudden earthquake
Synonyms of Variance
difference, variation, discrepancy, dissimilarity, disagreement, conflict, divergence, deviation, contrast, distinction, contradiction, imbalance, incongruity