Intuitively, any variance that leads to higher profits is favorable and variances that reduce profits are unfavorable. Using budget variances to improve the business. Going through this exercise can be an important management tool for analyzing what worked and what didn't work for a company in the given time period.
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Sponsored Topics. Lakeland is a city in Lanier County, Georgia, United States. The city is the county seat of Lanier County. It is part of the Valdosta, Georgia Metropolitan Statistical Area. The population was 2,730 at the 2000 census.