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Thank you!
It is question 224 Block Co (page 63) and seems I ended up calculating the sales volume variance instead of sales quantity. I calculated the differences between the budgeted and actual sales units and then multiplied them by the standard profit/unit for each product. The answer says this variance is the volume variance and I should have used the average standard profit/unit to calculate the quantity variance.
All right, thank you for the advice.
Thank you Szil. 🙂
Hi Samir,
Thank you very much for your advice, you actually raised really good points. Very useful things to know.
Regards,
Katalin
Hi ds3ce,
Yes, I am Hungarian. 🙂
I am learning the F papers. F1 – F3 exemptions, F4 passed. I have continued with F7 (FR from September) and wondering whether going back to F5 or trying F8 would be better after F7.
Thanks,
Katalin
