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Operational and planning variances

This topic has 1 reply, 2 voices, and was last updated 14 years ago by John Moffat.

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June 12, 2010 at 9:21 pm #44655
Devina
Member
- Topics: 5
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Dear John
I know that we have several approaches to calculate operational and planning variances.
Do we get the same answer whichever approach we use?
I worked Dec 2009 Q1 and my answer (part b) is completely different from that of the examiner.
Thanks
Devina
June 13, 2010 at 2:06 pm #64045
John Moffat
Keymaster
- Topics: 57
- Replies: 54478
No – the answers will be different (although the total variance will be the same).
However best is to use the method in the examiners student accountant article (which is the same as the method he used in the Dec 2009 question).
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