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Hi Sir,
My query is reg. the variance as the concept of it is not clear to me. Could you please make me understand how to caluclate actual rate if for example labour rate variance is given or labour efficieny variance is given.
I am not able to solve question where the variance are given and i have calculate reverse steps. Could you please help me out in this.
The only way is to learn the rules and then to practice applying the rules ‘backwards’.
Watch the free lectures on variance analysis, learn the rules (but also make sure you understand the logic), and then practice all of the questions in your Revision Kit.
I cannot give you more rules because the examiner deliberately makes every question a little bit different to check that you really do understand.
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