Examlex
One-officer patrol cars are more efficient than two-officer patrol cars.
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.
Spending Variances
The difference between the actual amount of money spent and the budgeted amount for various cost items.
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