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November 24, 2018 at 1:03 pm
Hi, with reference to example 1, in operational variance calculation for usage, why did not use the revise change in price per kg rather than the standard price per kg? Since we have been knowledge that the price has been changed.
November 24, 2018 at 1:31 pm
Same issue in example 2.. please advise.
John Moffat says
June 10, 2019 at 11:42 am
Some people prefer to do that. However the current examiner prefers it the way that I show it in my lectures – keeping the two things completely separate.
November 11, 2018 at 5:37 am
Can there be a question for preparing graphs for other topics?
November 11, 2018 at 9:36 am
No – you cannot be asked to actually draw any graphs in the exam, but you can be tested that you understand them.
June 10, 2019 at 9:51 am
Any response to khussaini quest on the use of revised and standard price ?
June 10, 2019 at 11:41 am
I will answer him now, but I do not always see comments posted here. That is why we have the Ask the Tutor Forum where questions are always answered within 24 hours!
November 8, 2018 at 7:10 am
Thanks for this brilliant lecture. For planning and operational variance we compare the original budget with the revised budget.
November 8, 2018 at 7:13 am
Planning = original budget Vs revised budget Operational = actual performance Vs revised budget
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