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According to a contemporary view of emotion proposed by John Cacioppo and his colleagues,
Rate Variance
The difference between the actual rate paid for something and the standard or expected rate, often used in budgeting and cost management.
Time Variance
The variance between the real duration it takes to finish a task and the initially projected time for its completion.
Total Cost Variance
The difference between the actual costs incurred and the standard (or expected) costs for a given production or project period.
Purchase Price Variances
The difference between the actual cost of goods purchased and the standard cost, used to measure the efficiency of the purchasing function.
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