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favourable variance

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favourable variance

In business, the difference between actual and budgeted spending or income that results in an organization having more money than planned.



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t be remedied, the management must make alternatives so the operation cannot be hampered and the costs of the transactions can then result to favourable variance.
EGD earnings are higher due to higher rate base and a number of smaller favourable variances across the utility.
The favourable variance in results, in terms of 1994, reflects the marked decrease in loan loss provisions and operating expenses in the wake of the reorganization plan implemented in the third quarter of 1994.
 
 
 
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