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profit variance analysis

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  • profit variance — In standard costing, the variance consisting of the difference between the standard operating profit budgeted to be made on the items sold and the actual profits made. The analysis of the profit variance into its constituent sales, direct labour …   Accounting dictionary

  • profit variance — In standard costing, the variance consisting of the difference between the standard operating profit budgeted to be made on the items sold and the actual profits made. The analysis of the profit variance into its constituent sales, direct labour …   Big dictionary of business and management

  • Variance (accounting) — In budgeting (or management accounting in general), a variance is the difference between a budgeted, planned or standard amount and the actual amount incurred/sold. Variances can be computed for both costs and revenues.The concept of variance is… …   Wikipedia

  • analysis of variance — ANOVA; variance analysis 1) A commonly used method for examining the statistically significant differences between the means of two or more populations In its simplest form (one way analysis of variance), it involves only one dependent variable… …   Big dictionary of business and management

  • analysis of variance — ANOVA; = variance analysis In standard costing and budgetary control, the analysis of variances in order to seek their causes. The total profit variance or production cost variance is analysed into sub variances to indicate the major reasons for… …   Accounting dictionary

  • Tendency of the rate of profit to fall — The tendency of the rate of profit to fall (TRPF) is a hypothesis in economics and political economy, most famously expounded by Karl Marx in chapter 13 of Das Kapital Vol. 3. It was generally accepted in the 19th century. Economists as diverse… …   Wikipedia

  • adverse variance — unfavourable variance In standard costing and budgetary control, the differences between actual and budgeted performance of an organization where the differences create a deduction from the budgeted profit. For example, this may occur if the… …   Accounting dictionary

  • List of numerical analysis topics — This is a list of numerical analysis topics, by Wikipedia page. Contents 1 General 2 Error 3 Elementary and special functions 4 Numerical linear algebra …   Wikipedia

  • Measurement systems analysis — A Measurement System Analysis (MSA) is a specially designed experiment that seeks to identify the components of variation in the measurement. Just as processes that produce a product may vary, the process of obtaining measurements and data may… …   Wikipedia

  • favourable variance — In standard costing and budgetary control, any difference between the actual and budgeted performance of an organization where this creates an addition to the budgeted profit. For example, this may occur if the actual sales revenue is greater… …   Accounting dictionary

  • Measurement Systems Analysis — A Measurement System Analysis, abbreviated MSA, is a specially designed experiment that seeks to identify the components of variation in the measurement.Just as processes that produce a product may vary, the process of obtaining measurements and… …   Wikipedia

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