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Variances

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Variances

  • This topic has 3 replies, 2 voices, and was last updated 12 years ago by AvatarJohn Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • May 7, 2013 at 7:43 pm #124820
    Avatarvharinandan
    Member
    • Topics: 3
    • Replies: 4
    • ☆

    Dear Sir,

    I can’t thank you enough for all the valuable lectures & practice notes.

    I have a question on Fxed O/Hs Expenditure variance-
    Why are we comparing the Actual Total at Actual price with Standard budgeted at Standard price?
    For Expenditure/Price variance are we not suppose to compare Actual Quantity at Actual Price with ACTUAL QUANTITY at Standard Price?

    Kindly help me with the confusion..
    Thanks & regards

    May 8, 2013 at 6:18 am #124842
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54836
    • ☆☆☆☆☆

    For the fixed overhead expenditure variance, you compare the actual total fixed overheads with the budget total fixed overheads.

    May 8, 2013 at 9:03 am #124862
    Avatarvharinandan
    Member
    • Topics: 3
    • Replies: 4
    • ☆

    oh ok… Thanks:)

    May 8, 2013 at 6:40 pm #124903
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54836
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
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