AboutJohn Zalewski Expertise I can help you solve problems involving fractions, decimals, ratios, and algebra. I can teach you how to do math faster, and even in your head. I can teach math definitions, and help you study, if necessary. Please do not ask any graphing, trigonometry, or calculus questions. Try to work through homework questions before asking for assistance.
Experience I routinely process numbers of all kinds in my head, without need of a calculator.
Education/Credentials I was an A math student while in high school.
What is the formula to work out a production variance percentage eg: Forecast 1500 Actual 1650 Variance is 150 what percentage would this be?
Would the same formula be used to work out profit and loss eg: Budget $150000.00 Actual $1650000.00 Variance $15000?
Answer Hello, Rebecca.
Since the actual amount is 1650 (150 above the forcasted amount), you need to divide 150 by 1500.
150/1500 equals .1, or 10 percent variance percentage.
Profit and loss can be measured either in percentage or numerically. If your budget is $150,000, and you actually make $1,650,000, then your profit is $1,500,000.
Your percentage increase is equal to 1,500,000/150,000, which equals 10, or 1000 percent!
