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Material Price Variance & Expenditure variance. Are these both same? Because I see that the formula used is same
The word price is used when we’re selling something
and the word expenditure when we’re purchasing. Is that right?They are two names for the same variance – you can use either name.
It is nothing to do with selling or purchasing. We are always purchasing materials!!
Have you watched my free lectures on variances? The lectures are a complete free course for Paper MM and cover everything needed to be able to pass the exam well.
Yes, I’m following your lectures for f5. You’re a great teacher.
Thanks John.
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