Cost Variance Advanced Calculator

Cost Variance Calculator

Cost Variance Calculator

Cost Variance Calculator

Component Description
Actual Cost The actual cost incurred for a project or activity.
Budgeted Cost The planned or budgeted cost for a project or activity.
Cost Variance The difference between the actual cost and the budgeted cost.
Formula Cost Variance = Actual Cost – Budgeted Cost
Purpose Used to measure the financial performance of a project or activity by comparing actual costs to budgeted costs.

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