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What was Jim Crow?
Spending Variance
The difference between the budgeted amount allocated for an expense and the actual amount spent.
Budgeting
The process of creating a plan to spend your money, outlining where income is earned and how expenses are allocated.
Planning Budget
A financial plan that outlines projected income and expenses over a future period, used to guide a business's strategic planning.
Revenue Variance
This is the difference between actual revenue earned and the expected or budgeted revenue.
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