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variances

This topic has 1 reply, 2 voices, and was last updated 2 years ago by John Moffat.

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November 23, 2022 at 4:32 pm #672316
M.Diva
Participant
- Topics: 1
- Replies: 0
there’s a question in BPP kit 10.a. 9 that asks to find the volume variance. volume variance= flexed budget-budgeted and t=when the result is positive it favorable, if that is it true why did they say it was adverse with flexed being greater than budgeted? secondly, why is it favorable in the first place?
November 24, 2022 at 8:33 am #672385
John Moffat
Keymaster
- Topics: 57
- Replies: 54748
I think we must be using a different edition of the BPP Revision Kit because the question you refer to is not asking about variances in my edition.
Type out the first line of the question and then hopefully I will be able to find it is my edition of the Revision Kit 🙂
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