Examlex
When a case is resolved through a negotiated agreement before a full trial is completed,it is called:
Variable Budget
Variable Budget is a budget that adjusts based on changes in the volume of activity, allowing expenses to vary in direct proportion to changes in operational levels.
Favorable Variances
Differences between actual and budgeted or standard costs that result in better-than-expected financial performance.
Unfavorable Variances
Differences where actual costs are higher than standard or expected costs in budgeting.
Cost Variance
The difference between the estimated cost of a project or production and the actual cost incurred.
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