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Variances

Forums › ACCA Forums › ACCA PM Performance Management Forums › Variances

  • This topic has 1 reply, 2 voices, and was last updated 11 years ago by AvatarJohn Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • November 14, 2014 at 1:51 pm #209969
    AvatarBhavik
    Member
    • Topics: 2
    • Replies: 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 variance

    Mix and yield variances
    Idle time variances: 1) Rate of pay variance 2) Idle time variance 3) Efficiency variance

    Regards,
    Bhavik

    November 15, 2014 at 10:51 am #210152
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54838
    • ☆☆☆☆☆

    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.

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