Variances

This topic has 3 replies, 2 voices, and was last updated 3 years ago by Ken Garrett.

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May 25, 2022 at 11:46 am #656428
Noah098
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Sir are there any chances that we may be asked to calculate variances? such as sales volume, sales price, labour rate etc.?
May 25, 2022 at 5:09 pm #656449
Ken Garrett
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A very small chance indeed. It is more likely that you would have to respond to variances already calculated eg suggest reasons or suggest how adverse variances could be reduced.
May 27, 2022 at 4:57 am #656572
Noah098
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Sir if this or for that matter any financial ratio has been asked to calculate as a part of performance analysis then, do we show the formula and figures used in spreadsheet or we can directly use our figures in word processor for analysis?
May 27, 2022 at 9:53 pm #656662
Ken Garrett
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You can use them directly in the report, but if the figure is in any way complicated to calculate it is wise to show workings. That is not appropriate on the face of the report but can be shown in the spreadsheet.
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