🎢 The Roller Coaster Ride of Controllable Variance
Buckle up, accounting adventurers! Today, we’re diving into the world of controllable variance. It’s a wild, exciting ride where budgets collide with reality and managers get to play the ultimate game of ‘Whack-A-Cost!’.
🎯 What on Earth is Controllable Variance?
So, your boss just walked into your office looking like they stepped off the cover of ‘Cost Control Monthly’ and muttered something about controllable variance. Don’t panic. Here’s the lowdown:
In the enchanting realm of standard costing and budgetary control, a controllable variance is a difference between the budgeted cost allowance you had for a certain period and the actual cost that you ended up incurring. This is that little (
