I studied Ideal Time Variance from you videos. It is very clear. Thank you.
I want to ask that Ideal time Variance would always be adverse. Right?
And same, I want to confirm for Closing Inventory variance that it will also be adverse every time?
Ask the Tutor ACCA MA
Variances
4y ago#1For Paper MA, the idle time variance will either be adverse or be zero (there might be no idle time :-) ).
There is no closing inventory variance. Inventories are always values at standard cost for variance analysis.
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