Variances

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January 8, 2022 at 6:08 am #645488
James124
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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?
January 8, 2022 at 7:56 am #645499
John Moffat
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For 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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