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John Moffat.
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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Variance
Sir,
(In the context of material usage variance:operational)
(R.SQ-A.SQ)
What would be the price to be multiplied with?
Revised standard price or
actual price
Sorry if it’s a silly doubt
The current examiner prefers that you use the original standard cost.
(Some people prefer using the revised standard cost and there is an argument for either. It gives a different answer but the examiner accepts either. I explain this in my free lectures and my lectures do it the way that the current examiner prefers, which is the easiest and quickest way as well 🙂 )