How To Calculate Spending Variance
How To Calculate Spending Variance . The variance for a data set is denoted by the symbol σ 2. If we choose to focus on materials variance, we see the following: How to Calculate a Spending Variance (Example) YouTube from www.youtube.com The first budget for a project was 5000 dollars, and the department spent 2500 dollars. = 2 x 20,000 = $40,000. In such a situation, the variance is said to be favorable because the.