Planning price variance

This topic has 3 replies, 2 voices, and was last updated 5 years ago by John Moffat.

Viewing 4 posts - 1 through 4 (of 4 total)

Author

Posts
February 27, 2021 at 7:48 pm #612027
nk16
Participant
- Topics: 71
- Replies: 39
For planning price variance …the amount of revised price and standard price should be multiplied by actual material /quantity /labour hrs …rgt not the revised material/quantity /labour…..

Coz I did an online qn for secure net it solution shows revised quantity…while the same question in bpp qn 254 is actual…
February 28, 2021 at 9:19 am #612072
John Moffat
Keymaster
- Topics: 57
- Replies: 54857
There are two ways of calculating planning and operational variances that are both acceptable but give different answers.

SecureNet was set by the previous examiner who preferred one of the two ways of calculating. The current examiner prefers the other way (which is easier and is the way I therefore explain in my free lectures).
March 2, 2021 at 5:22 pm #612743
nk16
Participant
- Topics: 71
- Replies: 39
Which one is preferred the actual one ?or
March 3, 2021 at 8:29 am #612913
John Moffat
Keymaster
- Topics: 57
- Replies: 54857
As I replied before, the current examiner prefers the way I explain in my free lectures (which is also much easier than the other way) 🙂
Author

Posts

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic.