Analysis - P There are lour steps and avstate.view.usg.edu/d2l/le/content/1968823/viewContent/28734300/View IVVU. UJL VCLICULUI Progress You are on question 3 of 13 When a variance occurs between the budgeted amount and the actual expenditures, it is important to: Analyze the variance and update the budget accordingly. Analyze the variance to determine if it is significant, and then determine if the variance needs to be corrected or the budget adjusted. Note the variance and and make changes to your business operations to bring the actual expenses back in line with the budget Previous Next Activity Details Type here to search OHN W