Questions:
How often do you distribute department/cost center budget variance reports? Monthly, quarterly?
Are department managers or cost center's supervisors required to report and explain budget variances in writing? If so, how often.
Do you provide a standard report form for budget variance analysis?
What are your criteria or requirement for budget variance analysis? Based on certain percentages of the annual budget, or year-to-date budget?
Your comments and feedback will be appreciated.
Tina Cheng
