From advanced nursing classes to courses in child development, the curriculum includes an array of both classroom-based and experiential courses that will provide the necessary knowledge and skills for working in pediatrics.
The Project Management Institute, however, endorses the accepted convention that a negative variance is a bad thing, and a positive variance a good thing. A variance is the difference between the projected budget and the actual performance for a particular account. A negative variance means that the budgeted amount was greater than the actual amount spent. A positive variance means that the budgeted amount was less than the actual amount spent. Note there is some debate over whether a negative variance means an underrun or an overrun.
1 If actual costs are greater than standard costs the variance is unfavorable. 2  An unfavorable variance tells management that if everything else stays constant the company's actual profit will be less than planned. 3  If actual costs are less than standard costs the variance is favorable.he entry is: Direct Materials Inventory is debited for the standard cost of $9,000 (3,000 yards at $3 per yard), Accounts Payable is credited for the actual amount owed, and the difference of $240 is credited to Direct Materials Price Variance.