Variance Analysis As An Effective Tool For Budgeting In An Organization

ABSTRACT The use of variance analysis as an accounting information
is usually a problem confronted by management whether or not it serves
as a control tool in budgeting. This study therefore identifies the
importance of variance analysis in budgeting control, also examined the
usefulness of variance analysis as an effective tool in budgeting and
also provide data/operational models for management control in
budgeting.The production cost of the business organization was
analyzed using the One-way ANOVA for its budgeted and actual Output,
while the sales was analyzed using the Tw…