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ACCA F2 Variance Analysis (part b)

ACCA F2 / FIA FMA lectures Download ACCA F2 notes


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Comments

  1. nasrii says

    November 14, 2017 at 12:13 pm

    Sir, if a question says that it takes 10 minutes to produce and assemble the product, do we have to consider it as standard hours or actual hours? also it says the product used an average of 2kgs of wood and fabric, and does that mean its actual material used?

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    • John Moffat says

      November 14, 2017 at 12:24 pm

      You must ask this sort of question in the Ask the Tutor Forum, and not as a comment on a lecture.

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  2. nasrii says

    November 14, 2017 at 8:23 am

    Sir, overall labour cost variance and rate variance are the same?

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    • John Moffat says

      November 14, 2017 at 8:29 am

      No – the overall variance is the total variance (which is then analysed into the rate variance and the efficiency variance).

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      • nasrii says

        November 14, 2017 at 11:23 am

        Sir, if a question says that it takes 10 minutes to produce and assemble the product, do we have to consider it as standard hours or actual hours?

      • John Moffat says

        November 14, 2017 at 12:23 pm

        It depends on the exact wording of the question.

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