Question: which formula is correct for budget variance. Please see below: * Static Budget Variance =(Static Budget-Actual) Flexible Budget Variance = (Flexible Budget-Actual) * Static Budget

which formula is correct for budget variance. Please see below:

* Static Budget Variance =(Static Budget-Actual) Flexible Budget Variance = (Flexible Budget-Actual)

* Static Budget Variance =(Actual- Static Budget-) Flexible Budget Variance = (Actual- Flexible Budget)

Please make it more clear do I need to subtract budget from actual or actual from budget?

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