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Variance analysis

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Variance analysis

  • This topic has 1 reply, 2 voices, and was last updated 3 months ago by John Moffat.
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  • April 23, 2022 at 6:27 am #654311
    syedalirazakazmi70125
    • Topics: 1
    • Replies: 0
    • ☆

    Hi Sir, I’m a bit confused about the concept that what should I use to calculate material price variance, “Material quantity used” or “Material quantity purchased” .Answer please, with reason

    April 24, 2022 at 6:26 pm #654357
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 50010
    • ☆☆☆☆☆

    It is the material quantity purchased, and the reason is explained in my free lectures on variances.

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