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variances

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › variances

  • This 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)
  • Author
    Posts
  • September 6, 2020 at 5:13 pm #583707
    izazwali13
    Member
    • Topics: 36
    • Replies: 27
    • ☆☆

    sir does the calculation of material variances with opening and closing inventory are examined in paper f2.
    if expected can you please me the treatment of opening and closing inventory in calculation of material variances.

    September 7, 2020 at 9:33 am #583742
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    Yes, it can be examined in Paper MA.

    The expense variance is calculated on the actual purchases as usual.

    The usage variance is calculated using the material actually used, which is the purchases as adjust by the opening and closing inventory. When adjusting the purchases, the inventories are valued at standard cost.

    September 7, 2020 at 10:52 am #583770
    izazwali13
    Member
    • Topics: 36
    • Replies: 27
    • ☆☆

    thank you sir

    September 7, 2020 at 1:13 pm #583804
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘variances’ is closed to new replies.

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