D/t b/n planned and actuall expenditures is?
The difference between planned and actual expenditures is the variance. It represents the variance or deviation from the initially anticipated or budgeted amount of spending.
The difference between planned and actual expenditures, often referred to as the variance, can be calculated by subtracting the planned expenditure from the actual expenditure. The formula can be expressed as follows:
Variance = Actual Expenditure - Planned Expenditure
If the variance is positive, it means that the actual expenditure exceeded the planned expenditure. Conversely, if the variance is negative, it indicates that the actual expenditure was lower than the planned expenditure.