![]() The total variance will be displayed.Ī bar chart is a useful tool for comparing anticipated costs with those that have actually been incurred. ![]() Write “Total Variance” in a separate cell and enter the formula =SUM(Variance).This will provide the aggregated costs for each category. A second cell can be labeled “Total Actual Expenses” by entering the formula =SUM(Actual Amount) in that cell.All of the categories’ combined budgetary allocations will be displayed here. Make a column for “Total Planned Budget” and fill it in with =SUM(Planned Amount).Make sure to include a summary section underneath your spending entries.The standard deviations will be determined mechanically. Simply use the following formula in the “Variance” column: =Actual Amount – Planned Amount. The “Actual Amount” column is where you should be updating your spending totals throughout the year to reflect your actual spending. ![]() Please include details for each spending category in the “Category” and “Description” sections.īudget amounts to be spent in each category should be entered in the “Planned Amount” column. “Actual Amount” columns are both set up as currency.Make sure the “Variance” column is formatted as a number, and the “Planned Amount” and. ![]()
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