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For planning price variance …the amount of revised price and standard price should be multiplied by actual material /quantity /labour hrs …rgt not the revised material/quantity /labour…..
Coz I did an online qn for secure net it solution shows revised quantity…while the same question in bpp qn 254 is actual…
There are two ways of calculating planning and operational variances that are both acceptable but give different answers.
SecureNet was set by the previous examiner who preferred one of the two ways of calculating. The current examiner prefers the other way (which is easier and is the way I therefore explain in my free lectures).
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