What does the word variance in the Bible mean?

1 : the fact, quality, or state of being variable or variant : difference, variation yearly variance in crops. 2 : the fact or state of being in disagreement : dissension, dispute.

What does the Bible say about fair pricing?

In Leviticus, he records, “when we make a sale or buy from our neighbor, you shall not wrong one another.” (Leviticus 25:14) Fair dealing builds consumer confidence and leads the way for further spending and growth.

What does the Bible say about financial strategy?

Make a Financial Plan. Proverbs 21:5 – The plans of the diligent lead to profit as surely as haste leads to poverty. This final rule from Proverbs more or less sums up all the others. Budgeting, planning for retirement, saving for emergencies – they’re all different ways of being diligent by planning ahead.

How much does the Bible cost?

These days there are many organizations that will provide a Bible for free, but if purchasing a copy for yourself a standard King James Version on Amazon showed a price history in a range from a low of $11.25 to a high of $24.99 according to CamelCamelCamel.com.

What Bible verse is thou shalt not lie?

Leviticus 19:11 (Thou shall not lie bible verse) Do not lie. Do not deceive one another. The ten commandments and other laws were given to Moses By God. Through these rules, the Israelites learned how to fear God.

What are the strategies of prayer?

A very key aspect of strategic prayer is hearing the voice of God’s will throughout the entire process of praying and then obeying it. From the beginning, we must hear God’s voice affirming that the aim of our prayer is the will of God. That’s where our faith and hope of glorifying God when he answers comes from.

What does it mean to have a price variance?

Price Variance is the difference between the actual price and the standard price of a product or service. It can be for both cost and revenue. Meaning this variance can be due to the cost that the company pays for purchasing raw materials and the price it charges for its products and services.

How is purchase price variance ( PPV ) calculated?

Purchase Price Variance (PPV) = (Actual Price – Standard Price) x Actual Quantity. For Example, Company A at the start of the first quarter estimates that it would require 1,000 units of an item in the second quarter costing $4. On the 1,000 units, Company A would get a 20% discount, bringing the total cost to $3.2 ($4* (1-20%)).

What are the parameters of a cost variance calculator?

The calculation parameters are the budget at completion (BAC) and the actual or estimated cost at completion (EAC). The VAC is often used as a measure of the forecasting techniques – you will find more details in this article on the estimate at completion (EAC).

How to calculate price variance for direct material?

Following is the formula to calculate this variance: Direct Material Price Variance = (SP − AP) × AQ, here SP is the standard price per unit of the direct material. AP is the actual price per unit of the direct material. And AQ is the exact quantity of the direct material that a company purchased.