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What were the political, social, economic, and/or cultural consequences of this item: the National War Labor Board?
Instructions:
-Identify each item. Give an explanation or description of the item. Answer the questions who, what, where, and when.
-Explain the historical significance of each item. Establish the historical context in which the item exists. Establish the item as the result of or as the cause of other factors existing in the society under study.
Spending Variances
The difference between the actual amount spent and the budgeted amount for a particular accounting category.
Favorable
A term used in finance and accounting indicating that actual performance is better than the expected or budgeted performance.
Unfavorable
A term used in budgeting and accounting to describe a financial condition or variance that is worse than expected or budgeted.
Revenue Variance
The difference between actual revenue earned and the budgeted or expected revenue.
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