CV

(redirected from Cost Variance)
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AcronymDefinition
CVCurriculum Vitae
CVConstant Velocity
CVCove (street abbreviation)
CVControl Valve
CVCheck Valve
CVCape Verde (Country)
CVCommercial Vehicle
CVCoefficient of Variation
CVCross Validation
CVCoventry (postcode, United Kingdom)
CVConstant Voltage
CVCider Vinegar
CVContingent Valuation (method for measuring compensatory restoration of natural resources)
CVCritical Value
CVCell Volume
CVComposite Video
CVControl Voltage (music synthesis)
CVCrystal Violet (dye)
CVCastro Valley (California)
CVCastlevania (game)
CVCablevisión (Argentina)
CVCultivar
CVConvair (aircraft manufacturer)
CVConvenience Store
CVColecovision (1980s video game console)
CVComputer Video (electronic representation of the PANTONE colors)
CVCargo Van
CVClear View
CVCrown Victoria (Ford Motor Company autombile model)
CVColumn Volumes (chromatography)
CVComputer Virus
CVCardio-Vascular
CVRepublic of Cape Verde
CVCash Value
CVCoachella Valley (California)
CVControl Volume
CVCassette Vision (video game console)
CVColor Vision
CVCiudad Vieja (Guatemala city)
CVCapcom Vancouver (video games; Capcom Co. Ltd.; Japan)
CVConsonant Vowel
CVCost Variance
CVCapital Variable (Spanish business entity)
CVChrome Vanadium (steel)
CVCombat Vehicle
CVCalorific Value
CVCode Violations
CVConduction Velocity
CVControlled Vocabulary
CVCopyright Violation (also seen as CopyViol; Wikimedia Foundation)
CVCourvoisier (cognac)
CVCompatibility View (Internet Explorer; Microsoft)
CVConfiguration Variable (used in digital command and control of model railroads)
CVVice Commander (USAF)
CVCervical Vertebrae
CVCommanditaire Vennootschap (Dutch: Limited Partnership)
CVCount Value
CVCarrier Variant (aircraft with modifications to permit operations to/from aircraft carriers)
CVCellular Video (AT&T)
CVCommand Vehicle
CVComputerVision (CAD/CAM software company)
CVCapacitance-Voltage (measurements)
CVCommercial Venture
CVCoding Violation (telecommunications)
CVCharacter Voice
CVCataclysmic Variable
CVChoking Victim
CVCatalog Value
CVCleaning Validation
CVCentral Vermont Railway
CVCompliance Verification
CVChikungunya virus
CVComputer Validation
CVConventional Vehicle
CVCultivated Variety (botany)
CVCampus Village
CVChild Version (psychological testing)
CVCheval Vapeur (French: horsepower)
CVCritical Vulnerability
CVCasino Vérité (gaming software)
CVCavalli Vapore (Italian: horsepower)
CVCyclic Voltametry
CVContinuous Vulcanization
CVCentral Version
CVCargo Variant
CVCross of Valour (Canadian decoration equivalent of the George Cross, second highest bravery decoration after the VC)
CVCartell-Verband (Burschenschaft mit Katholisch-konservativen werten)
CVMulti-purpose aircraft carrier (US Navy ship type)
CVContraction Velocity (cardiology)
CVCaballo Vapor (Spanish)
CVCollection Voucher
CVCoefficient of Flow (fluid flow calculations)
CVCeiling Void (structural drawings)
CVConcordant Version (translation of the New Testament by A.E. Knoch)
CVContribution Value
CVCommon Ventricle
CVComplete Adventurer (roleplaying games, Dungeons & Dragons)
CVConceptual Value (marketing)
CVClan Veteran (gaming)
CVChemical Vocabulary
CVCircus Voltaire (pinball game)
CVCrossbone Vanguard (anime)
CVCavite Varsitarian
CVSchedule V Controlled Substance (USA)
CVColossus Voulge (Diablo II gaming)
CVCranioventral (anatomy)
CVChallenge Valley (activity, Camp Yawgoog, BSA)
CVContainer Vacuum
CVCryoglobulinemia Vasculitis
CVCarrier Volplane (Fixed Wing)
CVClandestine Vulnerability
CVCarrier, General Purpose (US Navy)
CVCache Verification
CVControl Vertices Curve (form of NURBS)
CVChariot Ventures, LLC (Hong Kong)
CVCras Ves'pere (tomorrow evening)
CVCentrum Vzdelávání (Czech: Education Center)
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References in periodicals archive ?
[Reminder: In cost variance calculations, the mathematical sign in the answer is: dropped and is replaced with either a Favorable designator (if actual is less than standard) or an Unfavorable designator (if actual is greater than standard).]
We generally find good agreement with the predictions for comparative statics with respect to the number of firms and the cost variance. As the cost variance increases, the high cost (low cost) firms increase (decrease) their indifference price between being a buyer or a seller of permits and, more importantly, their behavior increasingly deviates from the competitive equilibrium.
Cost variance analysis begins with the accounting processes of determining theoretical costs, setting cost standards, collecting actual costs, and ending with evaluating performance.
Material price variance for ingredient A Actual cost of 35,000kg: 35,000kg x $26/kg $910,000 Standard cost of 35,000kg: 35,000kg x $23/kg $805,000 Material price variance $105,000 (A) Material usage variance for ingredient A Actual output did use 35,000kg Actual output should have used: 9,000 units x 4kg 36,000kg Operational usage variance 1,000kg (F) Material usage variance: 1,000kg x $23/kg $23,000 (F) Note also that the three variances combined ($105,000 adverse--$23,000 favourable--$72,000 favourable) reconcile back to the original total material cost variance of $10,000 adverse for ingredient A.
The workshop focused on different types of costs and defined the role of controlling costs by analysing cost variance. The participants were given training in using tools for controlling costs and creating cost consciousness within an enterprise.
Project Direct Cost Variance CV) = EV-AC Work-package completion percentage x total budgeted cost (EV), less actual direct project cost (AC) for the same stage of work completion.
And an astonishing one in five stated their cost variance was 16% or more.
If this is the case, the favorable cost variance could be illusionary.
The cost variance (CV) calculates difference between budgeted and actual expenses.
One area of the permit accounting for a cost variance of $35 million is called the Illicit Discharge Detection Protocol.
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