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Dear John,
How are you?
I hope you are great.
Thank you for your nice informative lecture lesson.
Thank you for your comment 🙂
Wow, interesting and easy to digest.
Thank you.
Thanks for the comment 🙂
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.
Same issue in example 2.. please advise.
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.
Can there be a question for preparing graphs for other topics?
No – you cannot be asked to actually draw any graphs in the exam, but you can be tested that you understand them.
Any response to khussaini quest on the use of revised and standard price ?
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!
Thanks for this brilliant lecture. For planning and operational variance we compare the original budget with the revised budget.
Planning = original budget Vs revised budget
Operational = actual performance Vs revised budget