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VALET CO ( JUNE – 2014)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › VALET CO ( JUNE – 2014)

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • May 20, 2023 at 9:56 am #684713
    sagarm
    Participant
    • Topics: 25
    • Replies: 11
    • ☆

    A) ii —- Calculates the total sales quantity contribution variance.?

    sir how we will identify that question is asking is for yield variance not volume variance.
    as volume and quantity are word expressed with same meaning.

    in this question it is asking for yield variance.
    (Actual quantity x Standard Proportion ) – ( budgeted Quantity ) * Standard contribution

    but i mistakenly calculated like this – (Actual sales – Budgeted Sales ) x standard contribution

    please help me so i never repeat same mistake again? how to differentiate between quantity variance and volume variance. hope i have explained my doubt clearly.

    May 20, 2023 at 10:25 am #684722
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54655
    • ☆☆☆☆☆

    There is no such thing as a sales yield variance.

    Have you watched my free lectures on this where I do explain the difference between the sales quantity and sales volume variance?

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