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Variance in Financial Formulas
Variance refers to the difference or deviation between an actual outcome or result and an expected or planned outcome. And is denoted by V.
Financial formulas that make use of Variance
f
x
Labour Rate Variance
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f
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Labour Efficiency Variance
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FAQ
What is the Variance?
Variance refers to the difference or deviation between an actual outcome or result and an expected or planned outcome.
Can the Variance be negative?
{YesorNo}, the Variance, measured in {OutputVariableMeasurementName} {CanorCannot} be negative.
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