How to Calculate Mix & Yield Variances | ACCA PM / F5 | Q. Kappa

How to Calculate Mix & Yield Variances | ACCA PM / F5 | Q. Kappa | Variance Analysis Help

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3 жыл бұрын

🚀 Get more Variance Analysis Help tinyurl.com/Variance-help 🚀 Learn how to calculate the Mix, Yield, Usage, and Price variances. We'll do past ACCA PM exam question Kappa (Sept. Dec. 2018). You'll get variance analysis help and learn a simple template that you can use to calculate the mix and yield variances quickly and easily and help you get a pass ACCA paper.
Good luck on your PM exam!
Here' the link to question Kappa: drive.google.com/file/d/1HLB9gVgbmMGon1xhw5fGiLBkMEYF7a9F/view?usp=share_link
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This video has three parts:
00:00 Introduction
01:25 Part 1: Understand what the variances mean
06:20 Part 2: Calculating the variances with the spreadsheet tool
33:09 Part 3: CBE Exam technique for part Ai, Aii, and Aiii of question Kappa
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Steve Willis ACCA
How to pass ACCA CBE Exams
Variance Analysis Help
Mix & Yield Variances Explained
For an introduction to Mix and Yield Variances, check out my other video on this topic: kzfaq.info/get/bejne/kJiflsSfzLjUgXk.html
For more on ACCA PM Variance Analysis, and the Mix and Yield Variances, check out Open Tuition: kzfaq.info/get/bejne/rsd8p7OInNbDmIk.html
Find many other helpful videos on James Wright ACCA kzfaq.info
#ACCA #ACCAexams #Accaexam

Пікірлер: 63

@mariyamarinova7702 2 жыл бұрын

Thank you, Steve. I was struggling with the variacnes until I saw your video. I used your technique in my PM exam and I passed 77% :)

@SteveWillisACCA 2 жыл бұрын

Glad it helped!

@PietervanKampen 2 жыл бұрын

After many days of struggling, I finally got it with your spreadsheet. It makes it sooo easy now to answer those mix and yield questions. Greetings from the Netherlands!

@SteveWillisACCA 2 жыл бұрын

Glad it helped ☺️ good luck in September:)

@naruti3992 2 ай бұрын

Dude saving life with this video's was stuck in Kappa yield

@SteveWillisACCA 2 ай бұрын

Very happy to help -- good luck next week!

@Fifou699 2 жыл бұрын

A lifesaver here!! Eternally grateful for your efforts, Sir.

@SteveWillisACCA 2 жыл бұрын

Happy to help :)

@steliyanatraykova-dimitrov7455 3 жыл бұрын

Very intuitive approach about the advanced variances. I really appreciate sharing this technique.

@SteveWillisACCA 3 жыл бұрын

Glad it was helpful!

@afua3410 2 жыл бұрын

wow I was really struggling with this advanced variances but you broke it down very nicely. Can we also use this for labour effiency ratio's aswell?

@SteveWillisACCA 2 жыл бұрын

Yes 100%

@ChrisWard-dy1lz 2 ай бұрын

I agree with your method much easier I find myself reciting AA AS SS, so it works

@SteveWillisACCA 2 ай бұрын

Glad to hear--good luck on PM!

@ChrisWard-dy1lz 2 ай бұрын

Used this methodology on Q275 and yes it took afew tries but I eventually got it spot on!! Also noticed with sales it becomes negative for favourable and positive for adverse. The yield becomes the quantity contribution variance in this case

@FULLMOON322 2 жыл бұрын

I attended one of your seminars sand OMG what an eye opener. I am sitting PM in June so I hope your tips will help give me a pass. Subscribed

@SteveWillisACCA 2 жыл бұрын

Thanks! Glad it helped:)

@DP_AMS 2 жыл бұрын

Thank you Steve! This is the best explanation of the Mix and Yield variances. Finally I can follow the logic (AA

@SteveWillisACCA 2 жыл бұрын

Excellent! Glad it makes sense now :)

@mattyactualT1 2 жыл бұрын

Hi Steve, just as a handy tip..If you click the arrow in the top left of the spreadsheet (between the A column and the 1 row), it will highlight the entire spreadsheet. If you then double click between the A and B, it will automatically resize every column to the required size. Save you clicking each column individually.

@SteveWillisACCA 2 жыл бұрын

Great tip!

@Jahidulislam-xq2vr 3 жыл бұрын

Thank You Sir.

@SteveWillisACCA 3 жыл бұрын

Welcome!

@godwinkasaizi9328 2 жыл бұрын

Steve this made my yesterday's paper in variance be easy, I did like AA, AS, SS then next AA AqAmixSp, Aq SmixSp then SS. It was very perfect for me. Thanks much.

@SteveWillisACCA 2 жыл бұрын

Excellent!

@ceemombs 2 жыл бұрын

Did this type of variances came in your Sept exam? which other question was in section C. i am writing this December and watching Steve's videos non stop

@thandiwemisomali3027 11 ай бұрын

I definately prefer your approach. :)

@SteveWillisACCA 11 ай бұрын

Glad it helps!

@FULLMOON322 2 жыл бұрын

I am curious to know how this will be applied to Conrad co Acca PM exam

@arooshib9818 11 ай бұрын

Hi Steve, can we directly equate AqSp in place of AqAMixSp in the exam if we are required to calculate Usage Variances for each material? Are we expected to show the workings for AqAMixSp?

@SteveWillisACCA 11 ай бұрын

Hello, yes you can do that. Aq for each material is actually the "Actual quantity in the actual mix." You should show workings to get partial credit if there is a mistake in your calcs. Plus, it's easier to lay it all out step-by-step before you start working. Good luck!

@23kavinraj 3 жыл бұрын

Hi sir, can you do a video about planning and operational variance?

@SteveWillisACCA 3 жыл бұрын

Hey there, yes, I plan a full series on variance analysis.

@23kavinraj 3 жыл бұрын

@@SteveWillisACCA ahh thank you so much, it will be very helpful :)

@FULLMOON322 2 жыл бұрын

I love this method but in solving the question, do I need to calculate the usuage and the price to arrive at the final answer for the Mix and Yield ?

@SteveWillisACCA 2 жыл бұрын

Hi there, if it's a stand-alone question on mix variance you can do it independently

@FULLMOON322 2 жыл бұрын

@@SteveWillisACCA Thank you very much. Few practice and I have conquered this formula. God bless you for all you do

@annmariethompson4026 2 жыл бұрын

Thanks Sir . Do you have any videos on Decision Trees?

@SteveWillisACCA 2 жыл бұрын

What a great idea! I'll do one these days.

@annmariethompson4026 2 жыл бұрын

@@SteveWillisACCA Thank you. Great webinar this morning...

@SteveWillisACCA 2 жыл бұрын

Done :) check the PM playlist for a decision tree question.

@23kavinraj 3 жыл бұрын

Hi sir, will this formula work for labour rate or labour efficiency variance or salex mix and quantity variance?

@SteveWillisACCA 3 жыл бұрын

Which formula do you mean? AA AS SS? This works for all the variable cost variances: Labour, Materials, Var. OH--if I understand your question correctly.

@23kavinraj 3 жыл бұрын

@@SteveWillisACCA thank you sir much appreciated

@mmmjim6607 3 жыл бұрын

SIr can u please tell me what is the affect of loss of material on variance ?

@SteveWillisACCA 3 жыл бұрын

Loss of material during the process, i.e. waste, would impact the yield variance. The mix variance only looks at the ratio of the inputs.

@mmmjim6607 3 жыл бұрын

@@SteveWillisACCA thanks alot Can u please tell me how take calculate this impact in yied variance like we have question in kaplan kit on this but i dont understand hiw we calculate the column in which we take impact of this loss means how to calculate figures in that loss.......is it just like we should calculate every figure in that by applying percentage or just applying to total

@souravnair5077 3 жыл бұрын

Sir how did you copy-paste I.e copying usage and deriving price variance?

@SteveWillisACCA 3 жыл бұрын

Hi Sourav, copy/paste works the same in CBE as it does in Windows--control C, control V.

@souravnair5077 3 жыл бұрын

@@SteveWillisACCA okay sir Thank you 👍

@lollypop937 9 ай бұрын

Hi Sir! Should we label our work with kg and $ sign. Will we lose mark if we don't input those sign?

@SteveWillisACCA 9 ай бұрын

In PM if the markers understand your work you get the credit, irrespective of labeling. But for FM if it's an fx question and you didn't state the currency, you wouldn't get the credit

@lollypop937 9 ай бұрын

Thank you so much for clarifying this for me Sir

@SteveWillisACCA 9 ай бұрын

My pleasure :)

@nalinakumari5421 3 жыл бұрын

Sir, can you do sales variance and advance variance asap

@SteveWillisACCA 3 жыл бұрын

Yes, I plan to do a full series on variance analysis this month.

@nalinakumari5421 3 жыл бұрын

@@SteveWillisACCA Sir, I’ll be waiting for it. Hope to hear from you soon, sir. Really appreciate it.

@nalinakumari5421 3 жыл бұрын

SIr, how are you doing? Hope to hear from you. I’m stuck to the sales variance and advance variance. The method for Total Material variance was superb. It has more saving time. Hope to hear from you soon.

@nalinakumari5421 3 жыл бұрын

Hi sir, when will you be sharing sales variance and advance variance?