Static Budget Variance of operating income is the difference between the actual results and the static budget
These variances are used to assess whether the differences were favorable or unfavorable. If an organization’s actual costs were below the static budget and revenue are exceeded than expectations, the resulting lift in profit would be a favorable result.
Conversely, if revenue didn't at least meet the targets set in the static budget, or if actual costs exceeded the pre-established limits, the results will always lead to lower profits.
A static budget is a type of budget that incorporates different anticipated values about inputs and outputs that are conceived before the period in which question begins.
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