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Hi
I wonder could you help me, I just need to clarify variance analysis. In past papers basic variances were asked quite a lot however of recent basic variances have apparently been deleted from the syllabus, I do keep finding a few when being asked about mix and yield.
Do we need to know all basic variance eg/ labour rate, sales volume, material price etc?Thanks in advance
Becky
The only reason they have been deleted from the syllabus is because they are assumed knowledge from Paper F2.
Basic variances can still be asked (and are still asked), and you do need to know them.
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