VARIANCESForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › VARIANCESThis topic has 3 replies, 2 voices, and was last updated 4 years ago by John Moffat.Viewing 4 posts - 1 through 4 (of 4 total)AuthorPosts June 30, 2020 at 6:19 pm #575546 aunimadihahMemberTopics: 18Replies: 18☆Hi, and very good morning, it could be glad if you can explain this statement because i could not understand clearly about this statement which is“JIT and TQM environments limit the value of variances analysis, because price variations are only one component of total cost”I don’t clearly understand the terms of “one component of total cost”Thank you so much sir.🙂 July 1, 2020 at 9:25 am #575596 John MoffatKeymasterTopics: 57Replies: 54628☆☆☆☆☆It means that changes in the total cost depend not just on how much the materials are costing us to buy but things like how much wastage of material there is. July 2, 2020 at 8:59 am #575710 aunimadihahMemberTopics: 18Replies: 18☆Thank you for your detailed and helpful explanation! Have a nice day sir! 🙂 July 2, 2020 at 9:29 am #575717 John MoffatKeymasterTopics: 57Replies: 54628☆☆☆☆☆You are welcome 🙂AuthorPostsViewing 4 posts - 1 through 4 (of 4 total)The topic ‘VARIANCES’ is closed to new replies.