Variances

Hi

As per the below list, I have identified 13 types of possible variances, 21 including the actual calculations within the overall variance.

Am I missing something here? I am struggling to see how we can be expected to know how to calculate all of these different types of variances as part of one topic in the syllabus. Are they all pretty much the same calculation and I’m just not seeing it?

Judging by past papers, it is 100% guaranteed to be one of the 10/15 mark questions, and I am concerned I do not have enough time to properly get to grips with it. Is there any part of the topic you can advise I learn/ practice just so that I am able to pick up a few marks?

many thanks

-MATERIALS
– Expenditure/ Price Variance
– Usage Variance

-LABOUR
-Rate of pay Variance
-Idle Time Variance
-Efficiency Variance

-VARIABLE OVERHEADS
-Expenditure Variance
-Efficiency Variance

-FIXED OVERHEADS
-Expenditure Variance
-Volume Variances

-VOLUME VARIANCE
-Capacity Variance
-Efficiency Variance

-SALES VOLUME VARIANCE

-SALES PRICE VARIANCE

-PLANNING VARIANCE
-Expenditure Variance
-Usage Variance

-OPERATIONAL VARIANCE
-Expenditure Variance
-Usage Variance

-MIX VARIANCE

-YIELD VARIANCE

-ADVANCED IDLE TIME VARIANCE

-ACTIVITY BASED COSTING VARIANCE