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February 2, 2016 at 4:31 am
Many thanks for the lectures. I’m loyal student to you and OT.
Just wanted to mention that there is the rustle of something in recent lectures. The subject (variance analysis) seems important and confusing but the noise prevent me from watching more than one time to understand the subject better. Hope to improve for the future students.
John Moffat says
February 2, 2016 at 7:53 am
Thanks for the comment.
You are right – there is rustling (I don’t know why) and when I have the time I will re-record it.
December 20, 2015 at 7:18 am
Sir, regarding test question 6.
For the example in the lecture notes, there was volume given, hence actual production volume was greater than actual budgeted volume and we could assume that more hours was used for production and therefore favourable for capacity variance.
However, for this question the volume was not given, we will not be able to tell if more production was taking place or otherwise. Furthermore, standard hours for actual production was 4800hrs, which is less than actual hours worked (5500hrs), thus the efficiency variance should be adverse, thus using efficiency variance to help me, shouldn’t the capacity variance be adverse as well?
Thanks in advance!
December 20, 2015 at 9:35 am
Efficiency is calculated by comparing actual hours worked with standard hours for actual production.
The capacity variance is calculated by comparing actual hours worked with budgeted hours.
Because we are given all the hour, we do not need to know the volume of units produced.
Because actual hours worked is greater than the budgeted hours, the capacity variance is favourable.
October 26, 2015 at 1:22 pm
how to get all the analysis registered upstairs is another challenge for me, too many of them
October 26, 2015 at 8:52 am
In capacity Variance if the question doesn’t state actual units produced, we won’t be able to know whether it’s adverse or favourable through the production of units, then we would have to see that the worker had the capacity to work for suppose 200 hrs in actual and his capacity in budgets of working was 300 hrs, so it’s adverse, right?? That’s how we are going to know whether it’s adverse or favourable?
October 26, 2015 at 7:30 pm
Is that correct??
October 27, 2015 at 2:50 am
Sorry, i got the ans
June 5, 2015 at 7:58 pm
at the last part of lecture, why are we getting the variance from budgeted production – sales (8700 – 8000= 700)? and not the actual (8900 – 8400 = 500). the example we use in previous chapter is taking from actual.
June 5, 2015 at 8:18 pm
sorry, i got it. its because we are working on “budget profit”.
June 1, 2015 at 3:45 pm
700*15=10500, where did we get the 700 from?
I know 56000-45500=10500.
I just don’t get the 700
October 31, 2013 at 2:53 pm
brilliant OP you are very helpful
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