In our p3 syllabus,the variances chapter mostly consists of the causes/reasons,etc. Does the syllabus have the practical part of calculating the variances for materials,labour,variable and fixed overheads?
Eg: for material price variance – difference of AQ*AP
As far as we know, you will not be asked to calculate variances. But you could be asked to draw conclusions from or knterpret variances.
The forum ‘Ask the Tutor ACCA P3 Exams’ is closed to new topics and replies.