In budgeting, variance is:

Question $6$ options:

$1)$

A measure of the degree of dispersion of a distribution about its mean value.

$2)$

The difference between a realized value and a budgeted, or standard, value.

$3)$

The percentage decrease in volume that can occur without causing the organization to lose money.

$4)$

The difference between operating profit and total profit.

$5)$

The difference between total revenues and total costs.