What is the purpose of a budget variance analysis in public sector organizations
What is the purpose of a budget variance analysis in public sector organizations?
A) To compare actual spending with budgeted spending and identify differences
B) To set the budget for the next year
C) To calculate depreciation expenses
D) To determine employee bonuses
Answer: A
Explanation: Budget variance analysis compares actual results with budgeted amounts to identify differences and take corrective action.
