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May 3, 2018 at 7:46 pm
In Example 4, when calculate Actual profit, you said, that we use standard profit, but I can see that you used profit from actual figures. Am I missing something? 🙂
May 3, 2018 at 7:50 pm
Sorry, I see now. It’s standard cost. Price is actual.
John Moffat says
May 4, 2018 at 8:14 am
That is correct 🙂
November 19, 2017 at 8:44 am
Dear Mr Moffat,
thank you for all lectures.
In the lecture notes, Ch 14, answer to ex 4, Sales mix variance – I belive there mistype in the mix variance table heading – instead of “Actual selling price” in the second column, I would use “Standard profit per unit”.
November 19, 2017 at 9:36 am
You re correct and I will have it corrected – thank you for noticing 🙂
June 1, 2017 at 4:27 pm
One observation is made is that all other factors would remain the same between the 2 sets while calculating variances. For example, for Mix variance, only the mix would change and the total units would be the same. For Sales quantity variance, the total quantities would change but the Mix and the way of calculating Profit (Standard) would remain the same.
Is this correct?
Cause, I feel learning the rules is a bit tough as we have a lot of variances. May be I can cross check while solving the problems by looing at this? thus ensuring nothing apart from the attribute which we want to know the variance for, has changed when we set up the tables.
June 1, 2017 at 5:51 pm
That is exactly what I explain in my lectures!
I assume that you have watched the lectures? If you have any problems then do ask in the Ask the Tutor Forum.
June 2, 2017 at 1:00 pm
Yes, I have watched all of them. Thank you!
June 2, 2017 at 3:48 pm
You are welcome 🙂
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