Business A-Level
variance analysis
What variance analysis means in Business A-Level, as defined for AQA.
Definition of variance analysis
Check what you remember
Read the wording for your board, then hide it and explain variance analysis in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Analysing budgets should include this, where a variance is the gap between the budgeted figure and the actual one.
Topics that use variance analysis
- Analysing financial performance (AQA A-Level)
Related terms
- break-even output
- cash flow forecast
- contribution per unit
- contribution squeeze
- credit terms
- data reliability
- forecast risk
- gross profit margin
Using variance analysis in the exam
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