favorable variance

English - English

Definition of favorable variance in English English dictionary

(Ticaret) A variance created by using or spending less of a given resource than specified by the standard, often categorized as rate (spending less per hour for labor for a given amount of production), efficiency (using less hours for a given amount of production), usage (using less materials for a given amount of production) or price (paying less to a vendor for a given purchased item)

Hyphenation

fa·vor·a·ble va·ri·ance

Turkish pronunciation

feyvrıbıl veriıns

Pronunciation

/ˈfāvrəbəl ˈverēəns/ /ˈfeɪvrəbəl ˈvɛriːəns/