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Question about advanced variances

Forums › ACCA Forums › ACCA BT Business and Technology Forums › Question about advanced variances

  • This topic has 1 reply, 1 voice, and was last updated 9 years ago by elmadrilene10.
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    Posts
  • December 10, 2015 at 3:44 pm #290321
    elmadrilene10
    Member
    • Topics: 1
    • Replies: 1
    • ☆

    Hi,

    I have a question about the correction of an exercise if you could help me thank you 🙂

    We saw in class these formulas for the material variances:

    SQSP This two ones for the usage with SQ: standard quantity, SP: std price…
    AQSP
    AQAP This two ones for the price

    so for the planning which is between the standard and the revised:

    SQSP
    RevisedStandardQuantitySP (RSQSP)
    RevisedStandardQuantityRevisedStandardPrice (RSQRSP)

    And for the operational:

    RSQRSP
    AQRSP
    AQAP with AQ: actual quantity and AP: actual price

    So my question is: I do not understand in the correction why:

    For the planning variance about the PRICE: they do not use the RSQ (RevisedStandardQuantity) instead of the AQ (actual quantity) which would do 8kg*1,400u=11,200kg and not 11,000

    For the operational variance about the USAGE: they do not use the RSP (RevisedStandardPrice) instead of the SP (standard price) which is $3.80 and not $4.

    Thank you very much

    December 10, 2015 at 3:46 pm #290324
    elmadrilene10
    Member
    • Topics: 1
    • Replies: 1
    • ☆

    Sorry the links are https://hpics.li/68e3c4f and https://hpics.li/585567d

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