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Forums › ACCA Forums › ACCA PM Performance Management Forums › Variances
Hi, I am very confused about the variances topic.
Are these all the variances we need to know for the exam? If I am missing any please let me know.
Variances:
Selling price variance
Sales volume variance: 1) Capacity variance 2) Efficiency variance
Materials variances: 1) Material Price Variance 2) Material usage variance
Labour total variance: 1) Labour Price variance 2) Labour rate variance 3) Labour efficiency variance
Variable overheads variance: 1) Expenditure 2) Efficiency
Fixed overheads expenditure variance
Mix and yield variances
Idle time variances: 1) Rate of pay variance 2) Idle time variance 3) Efficiency variance
Regards,
Bhavik
Labour rate of pay variance is the same thing as the labour price variance.
What about the fixed overhead volume variance?
Planning and operational variances?
It might help you to watch the free lectures on variances.