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Good day sir,
I wanted to know, if in the exam, we would be allowed to use this method; The tutor of the PM webinar used it during his presentation; and it for variances:
It goes like this:ActualQty@ActualRate
ActualQty@revisedrate
ActualQty@StdRate
RevisedQty@StdRate
StdQty@StdQtyAll of this simplifies the calculations, as the first 2 show Operational price variance,
1&3 show total price variance etc..Will this be given full marks if used properly?
Thanks in advance.
In future you must ask in the Ask the Tutor Forum if you want me to answer – this forum is for students to help each other.
That is the way I do it in my free lectures, and the way the current examiner prefers.
(Although, as I explain in my lectures, there is another accepted method that gives different answers, but still would get full marks in the exam.)
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