🚀 Get more Variance Analysis Help tinyurl.com/Variance-help 🚀 Learn how to easily calculate all the basic variances that are assumed knowledge in ACCA PM: Sales Volume Variance; Sales Price Variance; Materials Price Variance; Materials Usage Variance; Labour Rate Variance; and the Labour Efficiency Variance. I will show you how to do this in the context of the past exam question Marcus, from June 2019. These basic variances are assumed knowledge at PM, and the advanced variances are based directly on this knowledge, so it's a good idea to go through the basics for your PM Revision.
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Here's Question Marcus: drive.google.com/file/d/1Us_xft3-GaSb5n7tmU7HAOccTQ9s0CbF/view?usp=sharing
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Table of Contents:
00:00 - Introduction
02:48 - Why the flexed budget is important
04:24 - Standard cost card explained
05:29 - How to calculate the actual quantity
07:25 - Flexed budget explained
10:21 - Sales volume variance explained
14:28 - Sales price variance explained
21:12 - Materials Price and Usage Variances
27:23 - how to calculate Labour rate and efficiency Variances
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Good Luck on your upcoming ACCA PM exam!
Steve Willis ACCA
How to Pass ACCA Exams
Variance Analysis Help
www.stevewillistraining.com