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Variances

This topic has 3 replies, 2 voices, and was last updated 12 years ago by John Moffat.

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May 7, 2013 at 7:43 pm #124820
vharinandan
Member
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Dear Sir,
I can’t thank you enough for all the valuable lectures & practice notes.
I have a question on Fxed O/Hs Expenditure variance-
Why are we comparing the Actual Total at Actual price with Standard budgeted at Standard price?
For Expenditure/Price variance are we not suppose to compare Actual Quantity at Actual Price with ACTUAL QUANTITY at Standard Price?
Kindly help me with the confusion..
Thanks & regards
May 8, 2013 at 6:18 am #124842
John Moffat
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For the fixed overhead expenditure variance, you compare the actual total fixed overheads with the budget total fixed overheads.
May 8, 2013 at 9:03 am #124862
vharinandan
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oh ok… Thanks:)
May 8, 2013 at 6:40 pm #124903
John Moffat
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You are welcome 🙂
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