VariancesForums › ACCA Forums › ACCA PM Performance Management Forums › VariancesThis topic has 1 reply, 2 voices, and was last updated 10 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts November 14, 2014 at 1:51 pm #209969 BhavikMemberTopics: 2Replies: 1☆Hi, I am very confused about the variances topic.Are these all the variances we need to know for the exam? If I am missing any please let me know.Variances:Selling price variance Sales volume variance: 1) Capacity variance 2) Efficiency variance Materials variances: 1) Material Price Variance 2) Material usage variance Labour total variance: 1) Labour Price variance 2) Labour rate variance 3) Labour efficiency variance Variable overheads variance: 1) Expenditure 2) Efficiency Fixed overheads expenditure varianceMix and yield variances Idle time variances: 1) Rate of pay variance 2) Idle time variance 3) Efficiency varianceRegards, Bhavik November 15, 2014 at 10:51 am #210152 John MoffatKeymasterTopics: 57Replies: 54699☆☆☆☆☆Labour rate of pay variance is the same thing as the labour price variance.What about the fixed overhead volume variance?Planning and operational variances?It might help you to watch the free lectures on variances.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In