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ACCA F2 Variance Analysis (part c)
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Dear Professor, In the fixed overhead volume variance we found that we charged $3000 more than expected. In that case, if we charge $3000 more fixed overheads than expected shouldn’t it be Adverse? Why it is Favourable? Please kindly explain. And also why it is like if we produce more it is good? Because if we produce more we will end up spending more. Kindly explain that too.
Ok, I got your answer in the comment section of the subsequent video. Thank you, Sir. 馃檪
I am pleased that you found the answer 馃檪
Great 馃檪
great lecture! I am happy I remembered the ratios from when you taught them for accounting for labour!
Thank you for the comment
sir when we subtract the volume variance from the expenditure variance( what you did at the very last ) what is the total of ? i’m guessing fixed cost variance
John M. are you a real human being? I am simply amazed at your level of efficiency, commitment and excellence. You are ever so kind to the users of this forum and respond quickly to so many messages/questions from us. You should be given a humanitarian award. You are selfless and excellence in itself. I can’t think of betters words to connote you than “Summa Cum Laude!!” You are of the highest excellence and honor. Although the term is used academically, i have redefined its use.
I just wish you had a slight idea about how you have pulled me up from the holes i dug and hid myself away from accounting. What nobody or textbook could do for me, you did digitally. You will never know…..
Thank you very much for the comment 馃檪
Thank you so much for the wonderful lectures opentuition!
I am please that you find them useful 馃檪
U dont have direct total labour variance….
This is a fantastic lecture.
This lecture has extricated me from the hassle of having to learn all the formulae by heart! Kudos! 馃檪
What do you call it if the standard hour for actual plan are lower than actual hours worked?
They’ve worked more than they should per unit so it’s not idle time. Is it over time?
@andreasmacfarlane, No, it rather means the efficiency variance is adverse. The workers should have completed the work faster than they did.
IT STOPS AT 28:50???? WHY????? 馃榾 馃榾 馃榾 馃榾 馃榾 馃榾 馃榾
On me it stopped at 11:34. Can you please check it. Many thanks.
this package Variance Analysis (part c) Example 2 continued Labour and Variable Overheads of the F2 paper stoped playing at about 20:32mins of the 28:50mins. can it be fixed please. thank you