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May 5, 2016 at 11:03 pm
Thanks for another brilliant lecture.
By the way, how would the workings differ if there both actual and standard production loss was included?
John Moffat says
May 6, 2016 at 7:03 am
The workings will not change at all.
(In this example, although there is no standard loss, there is an actual loss (they put in more kg that should have been needed for the production) and it is dealt with in the yield variance.)
April 12, 2016 at 8:44 am
Absolutely brilliant lecture. Everything is now clear to me with regards to variance. Thanks sir 🙂 🙂 🙂
April 12, 2016 at 2:18 pm
Thank you for the comment 🙂
Damilola Salu says
March 1, 2016 at 11:00 am
WOW! Thank you so much sir. you just made variance so easy for me
March 1, 2016 at 11:48 am
January 16, 2016 at 2:13 pm
I have a question regarding the exercise 61 DYI in the revision kit.
Would I have the full mark if for the yield variance instead of calculating what should have yielded 8400 litres, Means 8000-7800 = 200 (A) then multiplied by standard cost $2.1 resulting to an adverse variance of $420. I calculated what is the standard mix for 7800 litres, resulting to 8190 then 8400-8190=210 (A) and multiplied by the weighted standard cost of 2 (210/105). I had the same answer $420.
Thanks in advance for your answer.
January 16, 2016 at 3:08 pm
You must ask questions like this in the F5 Ask the Tutor Forum and not as a comment on a lecture. Also, you do not say which Revision Kit you are referring to – there are several!!
However if you got the same answer then that is fine – there is more than one way of getting the answer and it does not matter which way you do it.
January 9, 2016 at 6:06 pm
example 4 says .. calculate the total sales margin variance.. it sells 3 products A,B,C.In the solution they used standard cost p.u to calculate profit of each product for actual sales though each product cost(actual) vary from budgeted cost.
January 10, 2016 at 8:57 am
We have to use standard costs.
Difference in actual costs would be dealt with in the normal cost variances.
January 10, 2016 at 4:55 pm
another question sir..in the solution the budgeted figure is not flexed to actual results to calculate sales margin variance..i can’t understand why ??
January 11, 2016 at 9:19 am
The sales margin variance is the different between actual profit and budget profit (with costs being kept at standard). (Just as is the total sales variance in ‘basic’ Paper F2 variances).
Just as with basic variances it is then analysed into the sales price variance and the sales volume variance. Because there are several products, the volume variance is analyses into sales mix and sale quantity variances.
January 11, 2016 at 3:39 pm
thank u so much sir.. u r d greatest teacher in ACCA ..respect from heart.
January 12, 2016 at 7:51 am
Thank you 🙂
January 9, 2016 at 5:31 pm
sir there is no lecture on example 4 of course note..and i failed to get d solution given on d note 🙁
No – there is no lecture at the moment.
December 4, 2015 at 8:34 pm
Thank you soo much
December 5, 2015 at 8:11 am
You are welcome 🙂
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